Welcome to our dedicated page for LivePerson news (Ticker: LPSN), a resource for investors and traders seeking the latest updates and insights on LivePerson stock.
LivePerson Inc. (NASDAQ: LPSN) is a leading provider of digital customer conversation solutions, empowering brands worldwide through its award-winning Conversational Cloud platform. Established in 1995 and headquartered in New York City, LivePerson has been publicly traded since 2000. With over 1,200 employees, the company maintains a global presence with offices in key locations including Tokyo, London, Melbourne, Tel Aviv, San Francisco, Atlanta, and Amsterdam.
LivePerson's core business revolves around its innovative platform, LiveEngage, which allows brands to engage with consumers via online and mobile messaging. The platform offers unmatched security and scalability, enabling proactive customer connections that drive enhanced sales and foster brand loyalty. Trusted by prominent brands such as HSBC, Chipotle, and Virgin Media, LivePerson facilitates nearly a billion conversational interactions monthly, leveraging a robust data set and AI-powered tools to transform contact centers and enhance customer experiences.
In recent times, LivePerson has made significant strides in its market. The company’s financial performance for Q4 2023 reported a revenue of $95.5 million, a decrease from the previous year due to strategic exits from lower-margin business lines. Despite this, the company saw a growth in average revenue per customer, highlighting its strong value proposition. The first quarter of 2024 showed continued progress with key operational improvements and strategic deals, including expansions and new logos.
LivePerson's innovative approach has garnered recognition, such as the #1 Most Innovative AI Company by Fast Company and multiple Stevie Awards for its business intelligence solutions. The company also announced a partnership with Infinity to enhance digital experiences through conversational data and intelligence, and with Avaya to integrate voice and digital channels, demonstrating its commitment to continuous innovation and customer-centric advancements.
The company’s Conversational AI capabilities utilize AI to streamline operations, supercharge agent productivity, and deliver personalized customer interactions. LivePerson’s financial strategies are also noteworthy, with recent efforts to restructure debt and raise new capital through strategic partnerships.
For more information, visit liveperson.com.
LivePerson, Inc. (NASDAQ: LPSN) has partnered with Google Cloud to enhance contact center efficiency through AI integration. The collaboration introduces real-time AI-powered recommendations for agents using LivePerson's Conversational Cloud, leading to better customer engagement.
Brands utilizing this integration report improvements, including up to 20% increases in average order value and 50% lower labor costs. Additionally, agents can respond 15% faster and handle 28% more conversations. LivePerson aims to merge human and AI capabilities for improved customer experience.
LivePerson, Inc. (LPSN) reported a strong Q1 2021 with total revenue of $107.9 million, up 38% year-over-year. Business operations revenue rose to $98.9 million, and consumer revenue increased 44% to $9.0 million. The company signed 98 deals, including 8 seven-figure contracts. Adjusted EBITDA was $13.3 million, reversing a loss from the prior year. LivePerson raised its 2021 revenue guidance to $460 million to $468 million. However, the company also reported a net loss of $21.2 million, but an improvement from a loss of $37 million a year ago.
LivePerson (Nasdaq: LPSN) announced the appointment of Ernest L. Cu, the President and CEO of Globe Telecom, to its board of directors. Cu is recognized for leading Globe's digital transformation and expanding its services, including the successful mobile payment platform GCash, which processed over $20 billion in transactions last year. His expertise in consumer experience and strategic partnerships positions him to contribute significantly to LivePerson's vision in conversational commerce.
LivePerson, Inc. (Nasdaq: LPSN) has announced its first quarter financial results will be released on May 4, 2021, after market close. CEO Robert LoCascio and CFO John Collins will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested participants can join via the company's investor relations website or by telephone. A replay of the call will be available until May 18, 2021.
LivePerson (NASDAQ: LPSN) and Tech Mahindra have formed a partnership to enhance brand engagement through AI-powered messaging. This collaboration aims to provide comprehensive marketing, sales, and customer service solutions that utilize popular messaging channels like SMS, WhatsApp, and Facebook Messenger. Recent surveys indicate a rising consumer demand for conversational experiences, particularly among older demographics. The partnership is expected to operationalize LivePerson's Conversational Cloud technology, promising improved customer satisfaction and significant increases in average order value and online sales conversions.
On April 6, 2021, LivePerson (Nasdaq: LPSN) announced the hiring of Monica Pool Knox as SVP, Chief People Officer, and Amber Armstrong as SVP, Chief Marketing Officer. Pool Knox will direct global HR strategies while ensuring ethical AI practices, drawing on her extensive experience at Microsoft and other leading firms. Armstrong will develop marketing strategies to enhance conversational AI's role in driving brand revenue, leveraging her background in IBM's AI solutions. These appointments aim to strengthen LivePerson's talent and marketing capabilities as it continues to innovate in the conversational AI space.
LivePerson (NASDAQ: LPSN) and Medallia (NYSE: MDLA) have formed a strategic partnership to integrate conversational AI and experience management. This collaboration enables brands to enhance customer engagement by triggering Medallia feedback mechanisms within LivePerson's messaging platforms, including SMS and WhatsApp. The integration aims to provide brands with a comprehensive view of customer interactions, boost customer satisfaction, and streamline feedback processes. LivePerson's clients have reported an up to 20% increase in average order values and significantly improved sales conversions.
LivePerson, partnering with Innova Medical Group, launched BELLA Health with Innova, a groundbreaking COVID-19 rapid testing experience utilizing AI-guided instructions to enhance accuracy. This initiative, currently evaluated in the first large-scale at-home rapid testing study in the U.S. led by Dr. Michael Mina of Harvard, aims to simplify the testing process for users. Innova's rapid antigen test delivers results in under 20 minutes and has gained authorization in the U.K. and EU, with plans for FDA Emergency Use Authorization in the U.S.
LivePerson (Nasdaq: LPSN), a leader in Conversational AI, is set to participate in three upcoming investor conferences. The events include the Morgan Stanley Technology, Media and Telecom Conference on March 4, the Jefferies Virtual Enterprise Communications Summit on March 10, and the 33rd Annual Roth Conference on March 16. Presentations will feature Rob LoCascio, CEO, and John Collins, CFO. Interested investors can access presentation copies on the company's investor relations website.
LivePerson (LPSN) reported its fourth quarter 2020 financial results, showcasing a total revenue of $102.1 million, a 29% year-over-year increase. B2B revenue reached $94.1 million, while consumer operations rose to $8.1 million. For the full year, revenue was $366.6 million, a 26% increase. The company signed 128 deals in Q4, including 10 seven-figure contracts. Despite a net loss of $13.3 million or $0.20 per share, adjusted EBITDA improved significantly to $18.2 million. LivePerson targets $458-466 million revenue for 2021, reflecting robust demand for its AI solutions.
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