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 (LPSN) delivers AI-powered customer conversation solutions for global enterprises through its Conversational Cloud platform. This centralized news hub provides investors and professionals with essential updates about the company's strategic developments.
Access official press releases and curated news covering product innovations, partnership announcements, and financial performance. Track key developments in conversational AI implementation, enterprise security enhancements, and omnichannel engagement strategies.
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FeedingNYC will deliver over 8,500 Thanksgiving dinners to homeless shelters in New York City on November 22, marking a milestone of 100,000 meals provided since 2001. The event, supported by over 7,000 volunteers, aims to assist families, including many migrants celebrating their first Thanksgiving in the U.S. Notably, one in five children in NYC faces hunger, highlighting the urgent need for such initiatives. Donations are being accepted to support this effort, with each meal costing just $48.
LivePerson, Inc. (Nasdaq: LPSN) will release its third-quarter financial results on November 7, 2022, after market close. CEO Robert LoCascio and CFO John Collins will host a conference call at 5:00 p.m. ET on the same day. Investors can access the call through the company's Investor Relations page. A replay will be available until November 21, 2022. LivePerson, a leader in customer engagement, serves major brands and powers nearly a billion interactions monthly.
LivePerson (Nasdaq: LPSN) has been recognized as a Leader by Aragon Research in the Globe™ for Conversational AI for the second consecutive year. The report emphasizes LivePerson's extensive customer base across various industries, innovative solutions for contact centers, marketing, and sales teams, and a robust partner network. Aragon evaluated 20 providers based on strategy, performance, and reach, highlighting LivePerson's ability to provide omnichannel solutions and strengthen engagement through AI-powered experiences.
LivePerson (NASDAQ: LPSN) has appointed Ruth Zive as the new Chief Marketing Officer. Zive, a three-time enterprise software CMO, will host the upcoming Executive Community event in San Francisco on October 20, aimed at enhancing customer engagement through Conversational AI. Her role involves overseeing global marketing strategies to drive scalable demand generation. Zive previously led marketing at Ada, achieving triple-digit growth, and served as CMO at Blueprint Software Systems. This leadership change is expected to catalyze LivePerson's growth.
LivePerson, Inc. (Nasdaq: LPSN) announced the granting of equity-based incentive awards under its 2018 Inducement Plan. As of September 15, 2022, the company awarded a total of 76,975 restricted stock units (RSUs) to 7 employees and 88,309 stock options to 2 employees. These grants typically vest 25% annually over four years; however, many will fully vest within one year, contingent on continued employment. The awards aim to attract new talent and incentivize employee retention, aligning with Nasdaq Listing Rule 5635(c)(4).
LivePerson (NASDAQ: LPSN) has partnered with Afiniti to enhance customer engagement through AI technology. This integration allows for intelligent pairing of customers with the most suitable contact center agents based on data patterns, improving customer satisfaction and operational efficiency. The integration is currently available to early access clients, with broader rollout expected in early 2023. This partnership aligns with LivePerson's goal of creating personalized and effective interactions across digital channels.
Capitec Bank and LivePerson have announced a strategic partnership aimed at enhancing customer experiences in banking. The alliance will leverage AI technology to provide more affordable and accessible banking services for Capitec clients. Through consultancy and implementation services, the partnership will optimize Capitec's conversational channels. Carlos Moodley, Head of Conversational Banking at Capitec, emphasized the importance of personalized client engagement. The collaboration aligns with Capitec's mission to continually improve banking services, ensuring a seamless experience for over 18 million clients.
LivePerson (NASDAQ: LPSN) has launched a new tool called CRM Connector, enhancing CRM integration with Webex Calling. This innovation aims to modernize contact centers, enabling brands to connect CRM systems like Salesforce and Microsoft Dynamics. Research indicates that 88% of consumers prefer brands that integrate interaction histories. The CRM Connector simplifies workflows and enhances customer engagement. This development continues LivePerson's partnership with Cisco, supporting joint efforts with Fortune 500 clients.
LivePerson reported $132.6 million in revenue for Q2 2022, marking an 11% increase year-over-year. Business operations revenue rose 12% to $123.4 million, while consumer operations revenue fell 7% to $9.1 million. The company signed 45 new logo deals, a 55% increase year-over-year, with average revenue per enterprise customer rising 23% to $660,000. Despite a net loss of $75.4 million or $0.98 per share, LivePerson maintains its expectation of positive cash flow for Q4 2022.
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