Business
LivePerson Announces First Quarter 2019 Financial Results
NEW YORK, May 2, 2019 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN), a leading provider of conversational commerce solutions, today announced financial
About this update from Liveperson, Inc.
[{"type":"text","content":"NEW YORK, May 2, 2019 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN), a leading provider of conversational commerce solutions, today announced financial results for the first quarter ended March 31, 2019.\n\n \nFirst Quarter Highlights\nTotal revenue was $66.4 million for the first quarter of 2019, an increase of 14% as compared to the same period last year. Within total revenue, business operations revenue for the first quarter of 2019 increased 14% year over year to $61.0 million, and revenue from consumer operations increased 16% year over year to $5.4 million.\nLivePerson signed 118 deals in the first quarter, an increase of 20% year over year, fueled by the addition of 66 new customer contracts. Trailing-twelve-months average revenue per enterprise and mid-market customer increased 24% in the first quarter to a record $300,000, up from approximately $240,000 in the equivalent prior-year period.\n\"The first quarter provided yet another validation point that Conversational Commerce is entering the mainstream, as we signed deals with several of the largest airline, cable, telco, financial services and technology companies in the world,\" said LivePerson CEO and founder, Rob LoCascio. \"We are also beginning to see more of our customers expand beyond traditional service use cases into sales and marketing, and they are looking to use our groundbreaking AI and bot building technologies to accelerate this opportunity. It is clear that a large new economy is developing around Conversational Commerce and we hope to be one of the largest companies servicing this new market.\"\n\"LivePerson executed on its plan in the first quarter to set the stage for accelerated growth by adding sales and product development capacity, hosting a record number of marketing event attendees, and delivering even more technology innovation,\" added CFO Chris Greiner. \"We are reaffirming our 2019 revenue and adjusted EBITDA guidance as we see both the Conversational Commerce industry and LivePerson at inflection points. To this end, we will be hosting our first Investor Day in many years, next week in New York City, where we look forward to sharing additional visibility into our vision, technology, customer experience and long-range financial model.\"\nCustomer Expansion\nDuring the first quarter, the Company signed contracts with the following new cust...