Amplitude adds Tien Tzuo to its Board of Directors

SAN FRANCISCO - Amplitude (NASDAQ:AMPL), recognized as a leading digital analytics platform with a market capitalization of $1.54 billion, has announced the appointment of Tien Tzuo to its Board of Directors. Tzuo, a seasoned executive with a history of leadership in enterprise software, brings over twenty years of experience to the role. According to InvestingPro data, the company has demonstrated strong financial health with a robust gross margin of 74.3% and healthy liquidity metrics.

Tzuo’s career highlights include his time at Salesforce (NYSE:CRM), where he was pivotal as the 11th employee, serving as Chief Strategy Officer and Chief Marketing Officer. He was instrumental in launching Salesforce’s initial product offerings. Following his tenure at Salesforce, Tzuo founded Zuora (NYSE:ZUO), a monetization platform, which he led through a public offering and continues to helm as CEO. He is also known for his thought leadership as the author of "SUBSCRIBED: Why the Subscription Model Will Be Your Company’s Future - and What to Do About It."

Spenser Skates, CEO and co-founder of Amplitude, expressed confidence in Tzuo’s ability to contribute to the company’s growth, citing his strategic marketing expertise and track record in building customer-centric organizations.

Tzuo himself commented on the significance of digital customer relationships and the unique position of Amplitude in providing insights into product usage, which he sees as crucial for companies’ long-term success.

Amplitude serves a diverse client base, including prominent names such as Atlassian (NASDAQ:TEAM), NBCUniversal, and Shopify (NYSE:SHOP). The platform is designed to offer insights into customer behavior, enabling companies to optimize product experiences and drive growth. Amplitude’s reputation is backed by its top ranking in several categories in G2’s Winter 2024 Report.

The addition of Tzuo to Amplitude’s Board is a strategic move aimed at reinforcing the company’s leadership in the digital analytics space. The company’s stock has shown impressive momentum, with a year-to-date return of 21.33% and revenue of $299.27 million in the last twelve months. InvestingPro subscribers have access to additional insights, including 8 more key tips about Amplitude’s financial health and growth prospects. Get the full picture with InvestingPro’s comprehensive research report, available for over 1,400 US stocks including Amplitude.

In other recent news, Amplitude Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.02, which exceeded the forecast of $0.01. The company’s revenue for the quarter reached $78.1 million, beating the anticipated $76.56 million. Amplitude’s annual recurring revenue (ARR) grew by $13 million quarter-over-quarter, reaching $312 million. For the full year 2024, Amplitude’s revenue was $299 million, reflecting a 9% year-over-year increase. The company has provided an optimistic outlook for 2025, with revenue guidance set between $325 million and $331 million, indicating a 10% growth.

KeyBanc Capital Markets recently lifted its price target for Amplitude to $17.00, maintaining an Overweight rating, citing the company’s strong revenue performance and the need for margin improvement. Baird analysts also upgraded Amplitude from "Neutral" to "Outperform," raising their price target to $17.00, following the company’s strong fourth-quarter results and positive outlook for 2025. DA Davidson upgraded Amplitude’s stock rating from Neutral to Buy, increasing the price target to $16.00, acknowledging the company’s strong enterprise momentum and revenue growth. These analyst upgrades reflect a positive sentiment towards Amplitude’s strategic initiatives and market positioning.

Amplitude’s strategic focus on enterprise accounts and multi-product deals has contributed to its growth, with 67% of new enterprise lands in Q4 being multi-product agreements. The company plans to launch an AI agent product in the second half of 2025, further expanding its platform capabilities. Despite ongoing macroeconomic challenges, analysts believe Amplitude is well-positioned to benefit from spending increases within its sector. The company has demonstrated a capacity to adapt to market demands and strengthen its position within the enterprise sector, with strategic investments aimed at enhancing its go-to-market approach and driving multi-product adoption.

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