The Sky is the Limit: CXApp (CXAI) Releases Q2 Earnings, Inks Multi-Year Agreement with Google Cloud, Surges Over 80%

PRISM NextGen Tech and AI Index company, CXApp (CXAI) has announced Q2 2024 financial results that included a major business transformation to an AI-native SaaS model. The company saw 78% renewal and expansion bookings from previous year, reported its largest expansion deal with major enterprise customer in the financial sector that grew this customers reoccurring revenue by 112% and signed a multi-year multi-million dollar agreement with Google Cloud.

Shares of CXApp have surged over 80% on the news today.

As it relates to the  significant news regarding its enterprise customer Khurram Sheikh, Chairman and CEO of CXApp Inc. stated, “Q2 was a great quarter in cementing our business model and demonstrating the execution of our “land and expand” strategy. We continue to make great progress in shaping the future of work with our largest expansion deal this quarter. This large enterprise client is seeing high adoption of our platform in their pilot deployments at their headquarters in the US and a second major site. We are solving real problems in the work environment for them, and they are now planning to scale up with our AI-native solutions across their enterprise footprint.”