Reports Q2 revenue $83.3M, consensus $81.32M. “Q2 was a strong quarter. We delivered the highest net-new ARR in nearly three years and saw record multi-product adoption,” said Spenser Skates, CEO and co-founder of Amplitude (AMPL). “This progress reflects our deliberate focus on the enterprise and platform expansion strategy. We’re still early in the opportunity, and AI will be a key part of how we drive value going forward.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPL:
- Cautious Optimism: Hold Rating on Amplitude Amid Strategic Acquisition of Kraftful
- Strategic Acquisition and Market Positioning Drive Amplitude’s Growth Potential
- Strategic Acquisition of Kraftful Enhances Amplitude’s Platform and AI Capabilities, Says Analyst Scott Berg
- Amplitude acquires Kraftful to accelerate AI strategy
- Amplitude price target raised to $15 from $13 at BofA
