Bridgeline Digital signed $1.4 million in new sales, including $600,000 in licenses representing more than $300,000 in annual recurring revenue, plus $800,000 in services during the second quarter of fiscal 2023.
Most new sales were for a three year-term with the bulk of the new bookings for Hawksearch, its AI-powered search engine, Bridgeline said in a statement.
More than 200 of Bridgeline's existing customers, representing over 90% of customers and recurring revenue that was contracted for renewal during the quarter, renewed $4 million in license subscriptions with several customers increasing the size of their license, the company added.
Renewals included Global 500 enterprises such as AstraZeneca, Toyota, and UPS.
Further, Bridgeline said it sold 500 subscriptions through its new partnership with content management platform Duda.
The partnership, signed in January 2023, makes WooRank available to over 10,000 websites through the Duda App Store. WooRank allows Duda users to increase traffic to their sites by improving their ranking on search engines such as Google, Bridgeline said.
The company also noted its ‘Bronco’ release for Hawksearch, which is focused on boosting revenue for customers while reducing their implementation cost by improving interoperability across Bridgeline’s productions, leveraging domain-specific AI to pre-tune a HawkSearch-powered website, and reducing deployment of HawkSearch so its implementation is out of the box.
"Bridgeline is focused on integrating key features across all of its products to drive down costs and increase revenues for our customers," said Bridgeline CEO Ari Kahn.
"The HawkSearch Bronco release accomplishes this by embedding WooRank SEO optimization into the dashboard, and adding Advanced Analytics to our e360 platform, all while launching our Rapid UI (User Interface) Framework to simplify implementation."
The company said it plans to announce its 2Q fiscal 2023 results in May.
Bridgline helps companies grow their online revenue by increasing traffic, conversion rates, and average order value.
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