Business
LivePerson Announces Fourth Quarter 2019 Financial Results
-- Achieves Q4 goal of 20% revenue growth, accelerating 580 basis points year-over-year -- -- Signs 24 seven-figure deals in 2019, a nearly 170% increase over
About this update from Liveperson, Inc.
[{"type":"text","content":"-- Achieves Q4 goal of 20% revenue growth, accelerating 580 basis points year-over-year --\n -- Signs 24 seven-figure deals in 2019, a nearly 170% increase over 2018 --\n -- Strong exit to 2019 positions Company for at least 20% revenue growth and improved profit in 2020 --\n -- Accelerates deployment of Conversational AI to consumers and brands --\n -- Announces CFO transition; internal successor will further transform finance function using automation and AI to enhance operating leverage and growth --\n\n\nNEW YORK, Feb. 13, 2020 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN), a leading provider of conversational commerce solutions, today announced financial results for the fourth quarter ended December 31, 2019.\n\n \n \n\n \nThe Company also announced a CFO transition. Chris Greiner will be leaving the Company in February, and John Collins, LivePerson's SVP of Quantitative Strategy, will be named his successor. Mr. Collins was recruited by Mr. Greiner and joined LivePerson in October 2019. Mr. Collins, an MIT alum, co-founded Thasos, a NYC based predictive intelligence company powering large scale equity trading platforms, and previously held roles in the financial services industry, including regulating financial firms at the NYSE, and structuring transactions in leveraged finance at Credit Suisse. Mr. Greiner will work closely with Mr. Collins to facilitate an orderly transition and remain engaged with LivePerson in an advisory role.\nOn Mr. Greiner's decision, Robert LoCascio, LivePerson's CEO, stated, \"I would like to thank Chris for all his contributions to LivePerson and wish him the best in his career. Chris joined LivePerson in early 2018, and played a key role in our transition to high growth. He helped build a data-driven, process-oriented, financial operation that aided decision making and the execution of our strategy. He also led a successful capital raise that gave us the balance sheet to fund our growth investments. LivePerson is progressing along the path to becoming what I call an outstanding company, one that has high growth, high margins and a strong culture that drives the business.\"\n\"John is the ideal candidate to help us on the next leg of this journey, possessing a rare combination of business leadership, financial acumen, and data science expertise. Under John's direction, we will apply our visio...