CXApp Inc. is a technology company focused on enhancing the workplace experience through its innovative software solutions
The company specializes in developing platforms that leverage data and analytics to optimize space utilization and improve employee engagement within corporate environments. By integrating tools such as mobile navigation, workspace booking, and real-time feedback mechanisms, CXApp aims to create more efficient and connected workplaces, ultimately empowering organizations to adapt to the evolving needs of their workforce.
CXApp Inc (NASDAQCXAI) shares are trading significantly higher Tuesday after the company reported second-quarter results and announced an agreement with Alphabet Inc's NASDAQ:GOOGNASDAQGOOG)
CXApp shares are trading higher Wednesday after the company announced record double digit Annual Recurring Revenue (ARR) growth in the fourth quarter of 2023 and 24% ARR growth for the full year 2023. CXAI attributed the ARR growth to two large Fortune 1000 logo contracts in the fourth quarter that are slated for deployment in the summer of 2024, leveraging the CXAI platform and in partnership with Google Cloud.
