LivePerson reports Q2 EPS 14c, consensus (38c)

Reports Q2 revenue $97.5M, consensus $96.85M. “Consistent with the expectations we set last quarter, including the completion of the restructuring plan, the divestiture and wind down of non-core business lines, and the renewed focus on the B2B Core, we posted strong financial results in Q2,” said Interim CEO and CFO John Collins. “Now that we support voice interactions and leverage generative AI to address a virtually limitless range of intents, our customers can efficiently automate an estimated 75% of their aggregate conversational volume over time. At a high level, that’s a potential market opportunity of 3 times today’s recurring revenue just from expanding with our existing base of customers.” On July 24, 2023, Starboard Value and Opportunity Master Fund Ltd withdrew its previously submitted notice of intent to nominate three persons for election to the Company’s board of directors at the 2023 Annual Meeting.