Core Viewpoint - Coveo Solutions Inc. has announced the renewal of its normal course issuer bid (NCIB) to purchase up to 5,423,244 subordinate voting shares, representing approximately 10% of the public float, over a twelve-month period starting July 17, 2025 [1][6]. Summary by Sections NCIB Details - The NCIB will allow Coveo to purchase shares at market price through open market transactions, including block purchases once per week [3][4]. - The previous NCIB authorized the purchase of 2,690,573 shares, which were fully acquired at a weighted average price of C$6.43 per share [2]. Share Purchase Plan - Coveo has renewed its automatic share purchase plan (ASPP) to facilitate share purchases during regulatory black-out periods [5]. - The ASPP allows the designated broker to make purchases based on parameters set by Coveo prior to black-out periods [5]. Strategic Rationale - The renewal of the NCIB is aimed at providing a capital allocation alternative to enhance long-term shareholder value [6]. - The board believes that the market price of shares may not always reflect their underlying value, and purchasing shares for cancellation can increase each shareholder's relative equity interest [6]. Purchase Conditions - The actual number of shares purchased, timing, and price will depend on various factors including capital positions, operational performance, and market conditions [7].

Group 1 - Coveo will release its financial results for the fiscal first quarter 2026 on July 31, 2025, after market close [1] - A conference call will be held on the same day at 5:00 PM Eastern Time to discuss the results, hosted by key executives [1][2] - The Coveo AI-Relevance Platform aims to enhance business outcomes through hyper-personalization and secure data unification [5][6] Group 2 - Coveo emphasizes the importance of relevance in digital experiences, stating that it is essential for success in the digital age [6] - The company is certified in various standards including ISO 27001 and SOC2, and has a high service level agreement (SLA) of 99.999% [6] - Coveo serves millions of users across billions of interactions, partnering with major brands and platforms like Salesforce and AWS [5][6]

Core Insights - Coveo has been recognized as a Leader for the second consecutive year in the 2025 Gartner Magic Quadrant for Search and Product Discovery, highlighting its strong performance in AI-driven search and product discovery solutions [1][2] - The evaluation by Gartner was based on the company's Completeness of Vision and Ability to Execute, indicating a robust strategic positioning and operational effectiveness [1][2] Company Overview - Coveo specializes in AI-Relevance, providing advanced AI-search and generative experiences that enhance business outcomes across various customer interactions [1][5] - The Coveo AI-Relevance Platform offers a comprehensive suite of AI and GenAI models designed to deliver personalized experiences at scale, improving product discovery and customer engagement [3][7] Product Features - The platform includes predictive AI search, tailored recommendations, generative answers, and unified personalization, enabling businesses to manage customer experiences effectively [3][7] - Coveo's Relevance Generative Answering (CRGA) solution allows users to leverage expert content and product catalogs for enhanced question-answering capabilities [3] Market Position - The Gartner Magic Quadrant serves as a comprehensive analysis of the competitive landscape, allowing stakeholders to assess technology providers' execution and vision [2] - Coveo's recognition as a Leader reflects the significant return on investment (ROI) experienced by its customers and the platform's capability to address the complexities of B2B and B2C enterprises [2]