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.
Stay informed with the latest Braze Inc (BRZE) news and developments from the customer engagement platform sector. This page provides real-time updates on announcements, business developments, and market-moving information relevant to BRZE shareholders and prospective investors.
Company Overview
Braze operates a cloud-based customer engagement platform that enables businesses to deliver personalized messaging across multiple channels including email, push notifications, SMS, in-app messaging, and WhatsApp. The company serves enterprise clients in retail, media, financial services, and hospitality sectors through its subscription-based SaaS model.
News Coverage Focus
BRZE news coverage typically includes platform updates and product releases, partnership announcements with technology providers, customer acquisition milestones, quarterly earnings reports and financial guidance, industry analyst reports and ratings changes, and developments in marketing technology and customer engagement markets.
Why Monitor BRZE News
For investors tracking Braze stock, staying current with company news provides insights into platform adoption trends, competitive positioning within the martech landscape, expansion into new markets and industries, and strategic initiatives involving artificial intelligence and data capabilities.
Market Context
Braze competes in the customer engagement platform market alongside marketing cloud providers and specialized messaging platforms. News about customer wins, product innovations, and industry recognition can impact investor sentiment and stock performance.
Braze (Nasdaq: BRZE) announced the beta launch of Braze Instant Insights, a suite of Snowflake Native Apps on Snowflake Marketplace, at Snowflake Summit 2023. These Analytics Apps, built using the Snowflake Native Application Framework, aim to help joint customers unlock and drive data value. Braze Instant Insights is an advanced analytics engine that enables Braze customers to leverage real-time insights for personalized, strategic cross-channel marketing campaigns.
Additionally, Braze was awarded the Powered by Snowflake award at the fifth annual Data Drivers Awards for North America, recognizing their transformation of the marketing and technology industries through secure data sharing and customer-centric interactions. The collaboration between Braze and Snowflake enables customers to create and analyze impactful customer engagement strategies in real-time and at scale.
Braze (BRZE) reported strong fiscal Q1 2024 results, with revenue growing 31.3% year-over-year to $101.8 million. The company achieved a dollar-based net retention of 122% for the trailing 12 months. Key financial highlights include:
- Subscription revenue: $97.1 million
- GAAP Gross Margin: 67.9%
- Non-GAAP Gross Margin: 68.8%
- Total customers: 1,866
- GAAP operating loss: $41.9 million
- Non-GAAP operating loss: $16.0 million
- Net cash provided by operating activities: $22.5 million
- Free cash flow: $21.7 million
Braze also provided guidance for Q2 FY2024 and updated full-year FY2024 guidance, projecting continued growth. The company launched new products, announced partnerships, and completed the acquisition of North Star, launching Braze Australia.
Stitch, a boutique marketing technology consultancy, has announced an exclusive partnership with Braze (NASDAQ: BRZE), a comprehensive customer engagement platform. The partnership aims to disrupt the legacy marketing cloud ecosystem by offering innovative customer engagement solutions. Stitch, launched in 2022, provides services around best-in-breed technologies to help marketers drive meaningful ROI.
Led by Co-Founder and CEO Michael Burton and Co-Founder and Chief Solutions Officer Bobby Tichy, Stitch offers strategy, implementations, integrations, campaign services, and program management. The company also provides targeted services to help marketers migrate from legacy platforms to Braze, which was recently named a category leader in Cross-Channel Marketing Hubs by Forrester Wave.
This partnership focuses on solving key marketing challenges, including easier access to first-party data, improved data activation for customer engagement, and leveraging flexible, modern technology for true ROI. Stitch is an accredited Braze Flight partner and is committed to developing deep expertise in the Braze platform to ensure success for their mutual customers.
Braze has announced the appointment of Fernando Machado, former Global CMO of NotCo, to its Board of Directors, replacing Matthew Jacobson, who served for over five years. Machado is recognized for his innovative marketing strategies and extensive industry experience, previously holding positions at Activision Blizzard and Restaurant Brands International. Braze's CEO, Bill Magnuson, emphasized Machado's vision for integrating creativity with technology to enhance customer engagement. This leadership change aims to bolster Braze's strategic direction and strengthen its market position.
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