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2025-01-25
SUNNYVALE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- eGain (Nasdaq: EGAN), the AI Knowledge Management platform for business, announced today that its Board of Directors approved an extension to the stock repurchase program from November 14, 2024, until the earlier of (i) the date the aggregate amount of shares that can be repurchased under the stock repurchase program have been repurchased and (ii) November 14, 2025. "This extension underscores our belief that our shares are undervalued and reinforces our confidence in the significant growth potential of the AI knowledge market. With our strong balance sheet, we believe we are well-positioned to expand our market presence in knowledge management while delivering value to shareholders through our ongoing buyback program," said Ashu Roy, eGain's CEO. As of November 15, 2024, eGain has repurchased approximately $27.6 million of shares of its common stock under its stock repurchase program, leaving approximately $12.4 million of shares of its common stock available for repurchase after the increase. Under the stock repurchase program, eGain may purchase shares of common stock on a discretionary basis from time to time through open market transactions or privately negotiated transactions at prices deemed appropriate by eGain. In addition, at the discretion of eGain, open market repurchase of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when eGain might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The timing and number of shares repurchased will be determined based on an evaluation of market conditions and other factors, including stock price, trading volume, general business and market conditions, and capital availability. The stock repurchase program does not obligate eGain to acquire a specified number of shares and may be modified, suspended, or discontinued at any time at eGain's discretion without notice. The stock repurchase program will be funded using existing cash or future cash flows. About eGain eGain AI Knowledge Hub helps businesses improve experience and reduce cost by delivering trusted, consumable answers. Visit www.egain.com for more info. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including without limitation: statements regarding the timing, scope, and funding of our stock repurchase program; our belief that our shares are undervalued; our belief that we are well-positioned to expand our market presence; our focus, growth potential and market opportunity; and the expected benefits of our products. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties, and assumptions, many of which involve factors or circumstances that are beyond our control. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include, but are not limited to: risks to our business, operating results, and financial condition; the pace of technological advancements in generative AI and the adaptability of our services to incorporate these advancements; market demand for AI-enabled solutions; risks associated with new product releases and new services and products features; risks that customer demand may fluctuate or decrease; risks that we are unable to collect unbilled contractual commitments, particularly in the current economic environment; risks that our lengthy sales cycles may negatively affect our operating results; currency risks; our ability to capitalize on customer engagement; risks related to our reliance on a relatively small number of customers for a substantial portion of our revenue; our ability to compete successfully and manage growth; our ability to develop and expand strategic and third party distribution channels; risks related to our international operations; our ability to continue to innovate; our strategy of making investments in sales to drive growth; general political or destabilizing events, including war, intensified international hostilities, conflict or acts of terrorism; the effect of legislative initiatives or proposals, statutory changes, governmental or other applicable regulations and/or changes in industry requirements, including those addressing data privacy, cyber-security and cross-border data transfers; and other risks detailed from time to time in eGain's public filings, including eGain's annual report on Form 10-K for the fiscal year ended June 30, 2024, quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2024, and subsequent reports filed with the Securities and Exchange Commission, which are available on the Securities and Exchange Commission's website at www.sec.gov. These forward-looking statements are based on current expectations and speak only as of the date hereof. We assume no obligation and do not intend to update these forward-looking statements, except as required by law. eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corporation in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies. MKR Investor Relations Todd Kehrli or Jim Byers Phone: 323-468-2300 Email: [email protected]St. John's 58, Stony Brook 3430 niceph



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GRAHAM GRANT: The Ghost of Christmas Future and a vision of Holyrood that would have left you cowering under the bedcovers... Click here to visit the Scotland home page for the latest news and sport By GRAHAM GRANT SCOTTISH HOME AFFAIRS EDITOR FOR THE SCOTTISH DAILY MAIL Published: 21:05, 23 December 2024 | Updated: 21:06, 23 December 2024 e-mail View comments Back in 1996, Scotland was on the verge of major constitutional change in the form of a devolved parliament. We didn’t know it for a certainty, of course, but Labour under Tony Blair ’s leadership had pledged to legislate for it in his first year in office. The Tory Government was mired in sleaze and heading for the abyss, so it was a reasonable bet that a referendum might be on the horizon. Cast your mind back to that faraway time and imagine the Ghost of Christmas Future materialising in your bedroom on December 24, 1996. You’ll have to imagine appropriate sound effects as the spectre conjures a vision of what was to come in the event that Scots voted ‘yes’ to devolution, as they eventually did, in September 1997. We’re a long way from Charles Dickens here, admittedly, but stick with it as the ghoul goes on to show you what we’ve all lived through since those heady days. To start, you see Donald Dewar making grand promises about sharing power with the people – and doing things differently from the Commons. The father of devolution died in October 2000, aged 63, but even then it was clear that most of those bold commitments were unlikely to be fulfilled. A visit from the Ghost of Christmas Future in 1996 might have persuaded you that devolution wasn’t such a good idea after all, says Graham Grant In September 1999, you would discern the glint of metal from the spectre’s swirling mists as the 129 new MSPs were handed commemorative medals designed and produced by the Royal Mint at a cost of more than £7,000 – setting the tone for the sense of entitlement to come. An enormous, grotesque building rears up in front of you – the parliament’s home at the end of the Royal Mile. Its original projected cost was £50million but the ghost tells you that it soared to more than £400million – and you have to assume from its deadly serious expression and intonation that it’s not joking. Cowering under your bedsheets, you watch as the ghost hits fast forward on the Labour years – skipping through some unremarkable scenes of Jack (now Lord) McConnell’s plodding managerialism. Now a familiar face materialises – that of a triumphant Alex Salmond in 2007 as his party emerges as the winner of the Holyrood election, by the narrowest of margins. What follows is a montage of key moments from the next seven years as the new regime dedicates itself to the only mission the SNP has ever cared about – wrenching Scotland out of the United Kingdom. The years between 2007 and 2011 unspool in a blur of confusing images and before you know it, we’re in 2011 – and the SNP achieves what was supposedly more or less an electoral impossibility by winning a majority of seats at Holyrood. The ghost’s booming baritone imparts that within a few years, thanks to a reckless gamble by the Prime Minister of the day, a referendum would take place on independence. By now, you’re probably watching the spectre’s tableaux through your fingers, desperate to know what happened – but equally apprehensive about the result. Filling in the context, the ghost shows you the rallies, marches, and the toxic division which ensued as families fell out, perhaps never to be reconciled, while social media degenerated into perpetual mudslinging – with the occasional death threat thrown in for good measure. Mr Salmond reappears in the back of a car, a picture of despondency after the Yes camp’s failure, one that it refused to acknowledge for the next decade. Many of its members never will. A face that wouldn’t mean much to you back in the 1990s swims into view, and for much of the rest of the apparition’s spine-chilling presentation Nicola Sturgeon is the star of the show. The sense of promise sours as the years go by – and rapturous fans begin to realise that their new leader is all talk and no action. Bute House press conferences are hastily convened to announce another referendum – but nothing ever comes of them. A procession of Nationalist powerbrokers attempts to rewrite history by rubbishing their own claim that the independence vote was a ‘once in a generation’ opportunity. It is painfully obvious from the spirit’s vision that much time is wasted on re-fighting a battle that was lost years before, as newspaper headlines spell out the consequences of constitutional distraction – from spiralling drug deaths to failing public services. There’s an inexplicable scene of a ferry with painted-on windows and what looks to be a fake funnel, but the ghost is anxious to move on. Mr Salmond appears again, this time in the dock of a court facing multiple allegations of sexual offences, of which he’s cleared. But the party is plunged into civil war and psychodrama that continue to the present day – even after the former First Minister’s death in October. Ms Sturgeon is seen behind a podium, imploring people to wash their hands, but the image doesn’t linger – as there is much yet to tell. The ghost summarises the debacle over transgender legislation which was blocked by the UK Government after another period of tribalism during which critics were marginalised, sidelined or demonised. In March 2023, Ms Sturgeon resigns and within days her husband Peter Murrell, then the SNP’s chief executive, is arrested as part of a police fraud probe into the SNP’s finances – and is later charged with embezzlement. There are images of a forensic tent outside a smart suburban home, and a camper van, but by this time the ghost is growing impatient and offers only a cursory but troubling explanation. You are introduced to Ms Sturgeon’s successor, whose name means nothing to you back in the 1990s, but the ghost offers only one scene – a man tumbling to the floor from a knee scooter, which it says aptly sums up his doomed premiership. Then there’s a man you’re told is Health Secretary who tried to rip off the taxpayer with an £11,000 bill for something called an iPad. His successor and some of his colleagues used ministerial limos to transport themselves and their family members to football matches, and even a cinema, despite offering no credible reason for taking an official car. There are far too many controversies for the spirit to outline in detail, but a bleak picture is painted of a country languishing in the doldrums as it labours under punitive taxes which do nothing to reverse the downward spiral of the NHS and a once-proud education system. It’s more than possible that by now you’re hiding under the covers and begging the ghoul to retreat into the shadows, leaving you in peace. But it goes on to show you the assortment of placemen and lobby-fodder MSPs who have failed at every turn to hold the SNP to account. There’s only one conclusion – devolution would be hijacked by obsessives, making a mockery of the boasts that Holyrood would offer a bright new future. The spirit is wrapping up, thankfully, and you reflect that maybe voting yes to devolution isn’t such a good idea – and that the status quo, for all its faults, might be good enough after all. The Royal Mint Labour SNP Alex Salmond Share or comment on this article: GRAHAM GRANT: The Ghost of Christmas Future and a vision of Holyrood that would have left you cowering under the bedcovers... e-mail Add comment

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