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Octave Intelligence Partners with Maire to Advance AI Technology
Octave Intelligence announced a technology collaboration with Maire focused on evaluating and deploying artificial intelligence solutions inside engineering and construction workflows. The collaboration builds on a relationship developed over more than two decades of shared work on enterprise software for capital projects. The partnership is a part of Octave CoLabs, an innovation program to reimagine how Octave and its customers work together by applying agentic AI and new innovation methodologies into participating customers' core operational workflows.
Octave Intelligence Shares Drop 10.6% to $17.62
Octave Intelligence is down -10.6%, or -$2.10 to $17.62.
Sees FY26 Annualized Recurring Revenue at $1.19B-$1.21B
Sees FY26 annualized recurring revenue $1.19B-$1.21B.
Octave Reports Q2 Revenue of $398.41M, Beating Expectations
Reports Q2 revenue $398.41M, consensus $397.04M. "Our second quarter results reflect the continued momentum we are building as a newly independent company, with ARR of $1,143 million, up 7% year-over-year, and SaaS revenue growth of 21%," said Mattias Stenberg, Chief Executive Officer of Octave.
Company Sees Q3 Adjusted Operating Margin at 27%
Sees Q3 adjusted operating margin 27%. The company said, "We are moving faster and investing with focus, delivering strong free cash flow in the quarter while executing on our go-to-market priorities and deepening the platform and agentic capabilities that make our customers' operating context more valuable to them. The deliberate shift in our business model means recurring revenue growth and ARR are the better indicators of underlying performance than reported total revenue. We remain confident in the path and the medium-term financial objectives we shared at our March investor day."
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