This Software-as-a-Service Stock Is Getting Into Agentic AI, and It Could Be a Game-Changer
Amplitude (NASDAQ: AMPL), the digital product analytics specialist, keeps building momentum quarter after quarter. The company just reported its third straight quarter of accelerating revenue growth as its platform strategy takes shape following earlier additions of product features like session replay, which allows clients to see how customers move through their websites, and guides and surveys, which let clients add a pop-up bubble to prompt customers as they go through the website.
With the help of those products, Amplitude reported its strongest growth in annual recurring revenue (ARR) in several quarters, up 16% to $335 million, and it had its highest net-new ARR in nearly three years at $15 million, showing that the business is building momentum. Its dollar-based net retention rate in the second quarter was also the strongest it has been in at least six quarters at 104%, showing it's moving past the post-pandemic churn that had hampered its growth earlier in its history.
Image source: Getty Images.
Source Fool.com
