LiveRamp (US:RAMP)2020-08-11 14:31Financial Performance - The company's ARR reached $307 million, a 28% year-over-year increase[12] - Subscription revenue accounted for 83% of total revenue[12] - Q1 2021 GAAP revenue was $99 million, up 21% year-over-year[16] - Q1 2021 GAAP gross profit was $65 million with a gross margin of 65%, a 9 percentage point increase year-over-year[16] - The company is targeting a long-term operating margin of 25% and a long-term gross margin of 75%[14] Customer Metrics - The company has 780 direct clients[12] - The company added 90 LTM (Last Twelve Months) direct net clients[12] - Platform net retention was 111%[12] - The company has 60 clients with over $1 million in revenue[12] Cash Flow and RPO - Q1 2021 operating cash flow was -$24 million[20] - Q1 2021 free cash flow was -$24 million[20] - Total Remaining Performance Obligations (RPO) reached $339 million[28] Outlook - The company expects Q2 FY21 revenue to be approximately $100 million, representing an 11% year-over-year growth[33] - The company anticipates an operating loss of up to $39 million on a GAAP basis and up to $7 million on a non-GAAP basis for Q2 FY21[33]