Octave Intelligence plc - Class B Ordinary Shares (OCTV)

Octave Intelligence (NASDAQ:OCTV) reported third-quarter revenue above its guidance range as software-as-a-service sales grew and recurring revenue reached the high end of its expectations. The company also slightly raised its full-year recurring revenue outlook and announced a share repurchase auth

SaaS revenue surged 21% as recurring revenue climbed to 69% of total mix.

Investors were reacting to the company's second-quarter earnings release.