Bridgeline Digital CEO says HawkSearch led 3Q growth as focus on core products grows
Vancouver
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August 15, 2023 01:54 PM Eastern Daylight Time
BridgeLine Digital CEO Ari Kahn takes Proactive's Stephen Gunnion through the company's third-quarter results, which reveal a strong compound annual growth rate (CAGR) of 15% in the company's core products, led by HawkSearch which signed over $1 million in new customer contracts during the quarter.
Collaborations with the likes of SalesForce, Optimizely, BigCommerce, and Duda have proven fruitful, driving efficient sales cycles and expanding their market.
Kahn anticipated significant growth, driven by upcoming initiatives, including the Bronco release that shortens sales cycles by 20%, and the introduction of advanced analytics and a franchise search solution.
Despite projected declines in legacy products, Bridgeline foresees robust 15%+ growth in their core offerings, with the catalyst being the upcoming releases and partnerships, ensuring strong progress into fiscal 24.
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