Amplitude’s AI Expansion Fuels Growth Momentum
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BTCCSquare news:
Amplitude (AMPL -8.69%) continues its upward trajectory with three consecutive quarters of accelerating revenue growth. The digital analytics firm's strategic platform enhancements—including session replay and interactive guides—drove a 16% year-over-year increase in annual recurring revenue to $335 million. Net-new ARR reached $15 million, the highest in nearly three years.
Q2 revenue ROSE 14% to $83.3 million, surpassing estimates, while enterprise clients (ARR >$100k) grew 16% to 634. The company's 104% net retention rate signals successful churn recovery post-pandemic. Amplitude now pivots toward agentic AI development, potentially unlocking new growth vectors in the competitive SaaS landscape.
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