EGAN - eGain Needs To Demonstrate That It Can Grow Revenue
eGain Corporation (EGAN) is a small company that offers a customer engagement platform. The company has revenue of $70 million and a market cap of approximately $180 million.
(Source: eGain)
eGain has nearly completed its transition to a Software-as-a-Service (SaaS) company with 87% of revenue from SaaS and professional services. But the conversion is cannibalizing its legacy business, resulting in low annual revenue growth of just 7%.
eGain does have some positive developments going on, including a very successful partnership with Cisco Systems, Inc. (CSCO) and a promising OEM partnership with