Revenue and ARR Growth
Q1 revenue was $80 million, up 10% year-over-year. Annual recurring revenue (ARR) reached $320 million, up 12% year-over-year and increased by $8 million from last quarter.
Enterprise Customer Expansion
Customers with more than $100,000 in ARR grew to 617, an increase of 18% year-over-year. Two-thirds of ARR base comes from enterprise customers.
Product Innovation and Adoption
Introduction of Guides and Surveys product led to faster adoption and more incremental ARR than any previous product. Multi-product customers now represent 30% of the installed base and 64% of total ARR.
Improved Retention
Dollar-based net retention reached 101% in Q1, up 5 points from its lowest level in Q2 of the previous year.
Strategic Partnerships
Amplitude announced a partnership with Twilio, becoming Segment's recommended analytics platform.