LivePerson, Inc. Provides Earnings Guidance for the Second Quarter of 2023 and Reaffirms Earnings Guidance for the Full Year 2023
May 09, 2023 at 04:44 pm EDT
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LivePerson, Inc. provided earnings guidance for the second quarter of 2023 and reaffirmed earnings guidance for the full year 2023. As for the second quarter, the company's guidance range for revenue is $95 million to $99 million, or a decline of -23% to -20% year on year. Note that the recurring revenue component of total revenue in the second quarter is expected to be approximately 87%, which implies 2% growth sequentially.
The company reaffirming the company's full-year revenue guidance range. Inclusive of Kasamba revenue, guidance range for full year revenue is $394 million to $408 million, or a decline of -23% to -21% YoY; note that the growth values in this range compare to a full year of Kasamba revenue last year. Normalizing for Kasamba in both periods, the company's revenue guidance range is $387 million to $401 million, or a decline of -19% to -16% year on year.
LivePerson, Inc. is a digital customer conversation company. The Companyâs segment is Business, which enables brands to leverage the Conversational Cloudâs sophisticated intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. Its business solutions offerings include The Conversational Cloud and LivePersonâs Conversational AI. The Conversational Cloud, its enterprise-class digital customer conversation platform, enables businesses and consumers to connect through conversational channels, such as voice, in-app and mobile messaging, while leveraging bots and artificial intelligence (AI) to increase efficiency. Its mobile and online messaging solutions are targeted at corporate executives whose primary responsibility is optimization of customer care, sales and marketing. Its customers include Fortune 500 companies, dedicated Internet businesses, a range of online merchants, automotive dealers, and others.