TLDR: Coveo announced robust financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported a reacceleration in its core platform growth rate to 16%, with generative AI solutions contributing significantly to new business. Executives highlighted strong market momentum and the strategic importance of their AI platform.
MONTREAL and SAN FRANCISCO – Coveo (TSX: CVO), a leader in AI-Relevance, has reported impressive financial results for its first quarter of fiscal year 2026, which concluded on June 30, 2025. The company, known for delivering best-in-class search and generative experiences, announced these findings on July 31, 2025.
A key highlight of the quarter was the reacceleration of the growth rate for Coveo’s core platform, reaching 16%. Furthermore, generative AI solutions played a pivotal role in the company’s new business acquisition, accounting for approximately 50% of new deals during the period. Coveo also noted a broadened relationship with SAP, indicating strategic partnerships are strengthening.
Laurent Simoneau, Co-Founder and Chief Executive Officer of Coveo, expressed optimism about the results, stating, “Fiscal 2026 is off to a strong start; we committed to reaccelerating revenue growth, and that is what we are delivering.” He further emphasized the growing market recognition of Coveo’s platform, noting its necessity for improving commerce outcomes and supporting enterprise-level agentic and generative AI transformation efforts.
Louis Têtu, Executive Chairman of Coveo, echoed this sentiment, highlighting the long-term benefits of the company’s foundational work in AI. “The groundwork we’ve laid over more than a decade in AI is paying off, and I believe we are positioned to further accelerate our growth and leadership,” Têtu remarked. He also pointed to ongoing success with strategic customers and partners like SAP as evidence of the company’s increasing influence in the evolving AI landscape.
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Coveo’s AI-Relevance™ Platform is designed to deliver hyper-personalization by unifying data securely and optimizing business outcomes across various digital experiences, including websites, e-commerce, service, and workplace applications. The company aims to transform how enterprises connect with customers and employees, maximizing business outcomes through individualized, trusted, and connected experiences.
