Amplitude CFO defends growth profile amidst 60% stock drop
Summary
Following a mixed Q4 report Wednesday evening by software analytics vendor Amplitude, the companys CFO Hoang Vuong, spoke with ZDNet via Zoom. The companys shares plummeted by almost 60% on Thursday as investors digested Amplitude cutting its forecast for this years revenue growth from 40% to a range of 35% to 40%. Regarding the sharp drop in shares, Vuong, a veteran of several software firms, including GoFundMe and NetIQ, was inclined to take it in stride. "We know we tend to over-react on either extreme — thats why Warren Buffett makes so much money: be greedy when others are fearful, and vice versa." Amplitudes revenue in the December quarter rose to $49.4 million, yielding a net loss of 5 cents a share.
Classifications
industries
Fintech & Banking
applications
Web and Content Management
AskAI Classifications
Labels
SaaS
Product Analytics
Business Intelligence
Linked Companies
Amplitude
$100M to $250M