Welcome to our dedicated page for Braze news (Ticker: BRZE), a resource for investors and traders seeking the latest updates and insights on Braze stock.
Braze, Inc. (BRZE) is a leading customer engagement platform based in New York, empowering brands to build stronger relationships with their customers through intelligent CRM solutions. With a team of over 100 experts, Braze enables marketers to connect with their audiences on a human level, at scale, driving deep engagement and return on investment (ROI).
The core of Braze's platform is the holistic user profile, providing a comprehensive view of each customer. This profile is supported by robust audience segmentation and advanced multi-channel messaging capabilities. These tools allow brands to leverage user data to create and automate highly personalized marketing campaigns, fostering meaningful dialogues with customers across various devices and channels.
Braze's solutions cater to a wide range of industries, including Retail & E-commerce, Media & Entertainment, Financial Services, and Travel & Hospitality. The platform's vertically integrated stack includes key functionalities such as data ingestion, classification, orchestration, personalization, and action. Notably, Braze's AI engine, Sage AI, enhances these layers, driving intelligent customer engagement.
The company's powerful CRM platform is trusted by thousands of marketers globally, powering over a billion user profiles. High-profile brands like Domino's, Etsy, iHeartMedia, PicsArt, SoundCloud, and Urban Outfitters rely on Braze to engage, retain, and monetize their customers effectively.
Financially, Braze generates the majority of its revenue from the United States and continues to expand its market presence. The company is venture-funded and continuously innovates to enhance its platform and offer more value to its clients. Stay updated with the most recent developments and company news to understand Braze's impact and initiatives better.
Braze (Nasdaq: BRZE) has launched Canvas Flow, a next-generation journey orchestration tool designed to enhance customer experiences. This update features an intuitive user interface and advanced real-time orchestration capabilities, enabling marketers to create personalized cross-channel campaigns more efficiently. With tools like Action Paths and Audience Paths, brands can adapt to customer behavior and preferences instantly. EverWash reported a 30.3% increase in monthly recurring revenue after utilizing Canvas Flow. This comprehensive tool supports continuous testing and iterative improvements for better marketing results.
Braze (Nasdaq: BRZE) has appointed Astha Malik as the new Chief Marketing Officer effective June 27, following the retirement of Sara Spivey. Reporting to CEO Bill Magnuson, Malik will lead all global marketing efforts. With over 20 years of experience in technology firms including VTEX and Zendesk, her expertise is expected to bolster Braze's growth as a public company. Malik is recognized for her advocacy in diversity and has received notable awards such as the Stevie Award for Female Executive of the Year.
Braze reported a 61.9% year-over-year increase in first quarter revenue, totaling $77.5 million for the fiscal quarter ended April 30, 2022. The company achieved a dollar-based net retention of 127% for the trailing 12 months and generated $15.7 million in Free Cash Flow. Despite significant revenue growth, GAAP operating loss widened to $39.6 million from $13 million in the previous year. Braze also announced updated financial guidance, forecasting revenue between $345 million and $349 million for FY 2023.
Braze (NASDAQ: BRZE) will release its financial results for Q1 FY2023 on June 13, 2022, after U.S. market close. A webcast conference call is scheduled for 5:00 PM EDT to discuss these results. The event will be accessible via Braze's Investor site. The company, recognized for its customer engagement platform, aims to enhance brand-consumer interactions. Braze has received accolades as one of Fortune's Best Workplaces, indicating its commitment to a strong workplace culture.
Braze (Nasdaq: BRZE) has launched Braze for Success, a suite of offerings aimed at enhancing customer engagement strategies. This initiative aims to assist brands in navigating digital transformations and skill gaps in their teams, following a 31% increase in marketing job transitions in 2021. The program offers flexible onboarding, access to a global community of marketers, enhanced educational resources, and dedicated support services. By focusing on operational efficiency and customer-centric approaches, Braze seeks to maximize ROI for clients.
Braze reported a 64% revenue growth in Q4 FY2022, reaching $70.4 million. The company achieved a dollar-based net retention rate of 128% over the past year. For FY2022, total revenue increased to $238.0 million, marking a 58.5% year-over-year rise. However, Braze also faced a GAAP operating loss of $78.2 million and a net loss per share of $(2.20). For FY2023, the company projected revenue between $338.0 million and $342.0 million with a non-GAAP operating loss of $(79.0) million to $(83.0) million.
Braze (Nasdaq: BRZE) has launched 'Braze for Commerce,' a suite of products designed to enhance personalized marketing for retailers. Marketers can leverage first-party data to create impactful campaigns, addressing the rise of hybrid shopping and privacy concerns. Key features include the new Braze Catalogs for personalized messaging, enhanced data capture tools, and improved audience synchronization to optimize customer journeys. This initiative aims to empower brands to drive sales effectively and meet evolving consumer expectations.
Braze (NASDAQ: BRZE) announced it will release its financial results for Q4 and the full fiscal year 2022 on March 30, 2022, after U.S. market close. A conference call will follow at 5:00 pm EDT. The company provides a customer engagement platform, enabling brands to enhance interactions with consumers. Braze has received accolades as a top workplace by Fortune in 2021. Investors can access the conference call and additional details through their investor site.
Braze has announced an open call for applications to its Tech for Black Founders program, offering 15 selected Black-led businesses a year of free access to Braze technology to aid in their growth. This initiative, launched in June 2020, addresses the underrepresentation of Black entrepreneurs in the tech sector, where only 1% receive venture capital backing. Eligible businesses must be bootstrapped, have under 100 employees, and less than $30M in VC funding. The program includes comprehensive customer engagement tools and educational resources.
Braze (Nasdaq: BRZE) released its second annual Customer Engagement Review, analyzing trends from a survey of over 1,500 marketing decision-makers across 14 markets.
This year's report emphasizes the shift towards zero- and first-party data, with 96% of brands planning to increase marketing budgets. It highlights the growing challenge of data management, as 32% of brands cite it as a top concern.
Confidence in customer engagement strategies is rising, with 94% of brands rating theirs as good or excellent, correlating with exceeding revenue targets.
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