Amplitude Inc (AMPL)

AMPL falling after the cloud-based software stock focused on digital optimization posted disappointing results in its first-quarter earnings report and lowered its revenue guidance for the year. Its first-quarter earnings report showed the company continuing to struggle with those headwinds. Revenue growth slowed to 25%, reaching $66.5 million, which topped the consensus at $65.5 million. The dollar-based net retention rate came in at 106% in the quarter, showing that existing customers increased their spending by just 6%, a reflection of widespread layoffs in the tech sector and a more cautious spending environment.

https://www.fool.com/investing/2023/05/12/why-amplitude-stock-was-sliding-this-week/