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. reports developments for its AI analytics platform, a subscription-based digital analytics service used by product, data, and marketing teams to analyze, test, and optimize digital experiences. Company news commonly covers quarterly results, annual recurring revenue, remaining performance obligations, enterprise and multi-product adoption, and financial outlook.
Updates also include product releases such as Amplitude AI Assistant and AI Agents embedded across the platform, research on AI use in business, management participation in technology investor conferences, and leadership changes tied to product and commercial operations.
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Immersive Labs, a leader in enhancing cyber capabilities, has appointed Jennifer Johnson to its Board of Directors. Johnson, a four-time CMO with extensive experience in the cybersecurity sector, previously served at Tenable and Tanium. Her expertise in category creation and go-to-market strategies is expected to help the company capitalize on its $123 million venture capital funding and drive significant growth. CEO James Hadley believes her experience will be crucial in articulating the company's vision for risk control across the workforce.
Amplitude, Inc. (NASDAQ: AMPL) announced its participation in significant investor events. CFO Hoang Vuong will present at the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, at 8:20 a.m. PT. CEO Spenser Skates and CFO Hoang Vuong will also present at the UBS Global TMT Virtual Conference on December 7, 2021, at 12:00 p.m. PT. Live webcasts of these presentations can be accessed via the investor relations page on Amplitude's website. Amplitude is a leader in digital optimization software, serving over 1,400 customers including major brands like Atlassian and Shopify.
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Amplitude, Inc. has launched a new EU data centre in Frankfurt, Germany, aimed at supporting its expanding customer base in Europe. This facility adheres to strict EU data privacy standards, including GDPR compliance and certifications in ISO 27001 and SOC 2 Type II. By partnering with Amazon Web Services, Amplitude enhances data storage, ingestion, and visualisation capabilities while prioritising security and privacy. This investment is part of Amplitude's commitment to improving digital product analytics and customer experience in the region.
Amplitude, Inc. (NASDAQ: AMPL) announced a new integration with Snowflake that allows users to seamlessly import data and gain insights into customer behavior. This partnership enables teams across organizations to break down data silos and unlock real-time analysis for product innovation and revenue growth. Businesses like Square have benefited from this integration, enhancing their understanding of customers through actionable data. The integration enhances data quality and governance, facilitating faster decision-making and deeper insights for both technical and non-technical users.
Amplitude, Inc. (Nasdaq: AMPL) announced Q3 2021 revenue of $45.5M, a 72% increase year-over-year, with current remaining performance obligations rising to $125.9M (up 66%). The company reported a GAAP loss from operations of $(36.8M) and a net loss per share of $(0.93). Notably, the number of paying customers grew by 54% to 1,417. The dollar-based net retention rate increased to 121%.
Looking ahead, Amplitude remains optimistic about its market opportunities and innovation potential.
RudderStack partners with Amplitude (Nasdaq: AMPL) to enhance product insights for businesses. This collaboration integrates RudderStack's real-time customer data platform with Amplitude’s digital optimization system, allowing organizations to access and analyze user behavior data efficiently. Benefits include real-time event data delivery, comprehensive user insights across platforms, and simplified analytics for actionable decision-making. This partnership aims to enable companies to leverage data for accelerated innovation and improved business outcomes.
Amplitude, Inc. (NASDAQ: AMPL), a leader in digital optimization, will announce its third-quarter financial results for the period ending September 30, 2021, on November 9, 2021, after market close. A video webcast will follow at 2:00 PM PT to discuss results and future outlook. With over 1,200 paying customers, including 26 from the Fortune 100, Amplitude continues to solidify its position in the market. For more information, the webcast will be available on the Investor Relations section of Amplitude's website.
Amplitude, Inc. (Nasdaq:AMPL) announces the appointment of Jim Whitehurst to its board of directors, bringing invaluable expertise from his previous roles at Red Hat and IBM. Whitehurst's leadership experience in scaling organizations and promoting innovation aligns with Amplitude's goals in digital optimization. CEO Spenser Skates emphasized the significance of Whitehurst's vision for the future of data-driven product development. Amplitude serves over 1,200 customers, including 26 Fortune 100 companies, further solidifying its position in the industry.