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AICoin AI: NICE Stock Slips on Cautious Outlook Despite 42% Surge in AI Solutions
AICoin AI: NICE Stock Slips on Cautious Outlook Despite 42% Surge in AI Solutions
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AICoin AI News -
Shares of enterprise software provider NICE dropped 7% early Thursday after posting Q2 earnings that missed market expectations. While revenue and adjusted EPS grew 9% and 14% respectively, management's forecast of just 5% sales growth and 10% EPS growth disappointed investors.
Behind the numbers, NICE showed strong momentum in AI-driven solutions, with related sales jumping 42% year-over-year. The company's Copilot product saw bookings increase sixfold, indicating rapid adoption among Fortune 100 clients. This growth was further supported by NICE's recent $955 million acquisition of AI specialist Cognigy.
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