Coveo

Coveo Q2 SaaS Revenue Hits $39.1M, Buys Anglera as Bookings Peak

Image
Coveo Q2 SaaS Revenue Hits $39.1M, Buys Anglera as Bookings Peak

MONTREAL – October 30, 2026 -- Coveo (TSX: CVO) posted SaaS Subscription Revenue of $39.1 million for the second quarter of fiscal 2027, up 9% from $35.9 million a year earlier, and booked the strongest new business quarter in its history after closing two seven-figure-per-year deals.

The company also announced the acquisition of Anglera, a San Francisco-based, Y Combinator-backed developer of an agentic product data enrichment engine. Coveo reports in U.S. dollars under IFRS; the quarter ended September 30, 2026.

Core platform grows 12% as legacy Qubit is fully deprecated

All SaaS Subscription Revenue now comes from the Coveo core Platform following the full deprecation of the legacy Qubit platform. Core platform SaaS revenue rose 12%. Total revenue reached $40.4 million versus $37.3 million, an 8% increase.

Metcash Expands Coveo Deal for AI Search on B2B Retailer Portal

Image
Metcash Expands Coveo Deal for AI Search on B2B Retailer Portal

Sydney – September 29, 2026 -- Metcash, Australia's leading wholesale distributor to independent grocery, hardware and liquor retailers, has expanded its partnership with Coveo (TSX: CVO) to embed AI-powered conversational search into its B2B customer communications platform, AskROSS.

Metcash adds generative AI to AskROSS to speed retailer self-service

The deployment replaces traditional keyword-based search with conversational search that interprets query intent, allowing independent retailers using the AskROSS portal to resolve routine issues without contacting support staff. Coveo will also surface the same guidance within the agent-facing experience, aiming to help Metcash support teams assist customers more efficiently.