Welcome to our dedicated page for Amplitude news (Ticker: AMPL), a resource for investors and traders seeking the latest updates and insights on Amplitude stock.
Amplitude Inc. (AMPL) provides a leading digital analytics platform that transforms user behavior data into actionable insights through its SaaS solutions. This page serves as the definitive source for verified corporate news, financial updates, and strategic developments related to the company.
Investors and industry observers will find timely updates including quarterly earnings reports, product innovation announcements, and strategic partnership details. Our curated selection ensures access to material developments that impact Amplitude's market position in digital optimization and behavioral analytics.
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Amplitude, Inc. (Nasdaq: AMPL) reported its first quarter 2024 financial results, showing positive growth in revenue and annual recurring revenue. The company achieved $285 million in annual recurring revenue, up 9% year over year. First-quarter revenue reached $72.6 million, also up 9% year over year. The CEO highlighted the potential in digital analytics and expressed confidence in Amplitude's market leadership. Despite a GAAP loss from operations, the company saw improvements in non-GAAP income from operations and net income per share. Cash flow from operations increased by $5.0 million year over year, with the number of paying customers growing by 37% to 2,970. Amplitude aims to continue its growth trajectory in the second quarter and full year 2024.
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