Amplitude shows strong revenue growth and beats Wall Streets expectations
Summary
It also offered some encouraging guidance for the next quarter, but its stock didn’t move much, having made impressive gains earlier in the day. The company reported a loss before certain costs such as stock compensation of eight cents per share on sales of $58.1 million, up 48% from a year earlier. The software is popular with product managers, since it provides insights that guide them in adding and fine-tuning new functionality to their offerings, based on how customers interact with them. Meanwhile, Amplitude’s dollar-based net retention rate, which measures its ability to retain its existing customer base, was 126%, up from 119% in the same period one year ago. Instead, Amplitude CDP can collect and analyze the data gathered by its main product analytics platform to aid with data-driven decision-making.
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