Shares of AmplitudeE, Inc. (AMPL) surged 5.23% in post-market trading on Wednesday after the data analytics company reported better-than-expected fourth quarter results and provided an optimistic outlook for 2025.
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The rally was driven by Amplitude's stellar Q4 performance, which exceeded Wall Street's expectations on both revenue and profitability. The company reported revenue of $78.1 million, beating consensus estimates of $76.7 million. Adjusted earnings per share (EPS) came in at $0.02, one cent higher than analysts' forecasts.
In addition to the strong Q4 results, Amplitude's raised guidance for fiscal 2025 also fueled investor enthusiasm. The company now expects revenue between $324.8 million and $330.8 million for the full year, representing growth of 9.5% at the midpoint. This outlook surpassed Wall Street's expectations and suggests continued momentum in Amplitude's business.
Analysts praised Amplitude's ability to drive growth through its integrated data analytics platform, which resonates well with enterprise customers. The company added 24 new customers with over $100,000 in annual recurring revenue (ARR) during Q4, bringing the total to 591.
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