New Leadership Structure for Global Commercial Organization to Drive Next Chapter of Growth
Company Reaffirms Guidance for the Fourth Quarter and Full Year ended March 31, 2022
LiveRamp®, the leading global data enablement platform, announced Vihan Sharma, Senior Vice President of Safe Haven® and Managing Director Europe, has been promoted to the newly created role of Executive Vice President of Global Revenue, effective May 2, 2022. In this expanded role, he will oversee all global commercial functions, including within the U.S. In addition, Sharma will continue to serve as MD of Europe. This appointment is part of LiveRamp’s new leadership structure for its commercial organization that will unite the Company’s global sales force and best position LiveRamp to build on its momentum with the Safe Haven enterprise platform and drive continued growth.
“On behalf of the entire LiveRamp team, I’d also like to thank Diego for his valuable contributions to LiveRamp over the past eight years”
Vihan Sharma is a proven leader with more than two decades of industry experience. As SVP of Safe Haven and MD of Europe, he has led the successful global rollout of LiveRamp’s enterprise platform, helping clients worldwide leverage its platform to drive growth for their businesses. He also served as an instrumental leader in LiveRamp’s expanded global partnership with Carrefour, positioning LiveRamp as a critical accelerator for Carrefour’s transformation into an industry-leading data-driven retailer.
“Vihan is a seasoned LiveRamp executive with a deep understanding of our business, clients, and people, and I am thrilled for him to lead our united global sales force and commercial efforts in this expanded role,” said LiveRamp CEO Scott Howe. “Vihan has been integral to LiveRamp’s European growth and operations, as well as the success of our Safe Haven business, where he has overseen significant milestones including expanding to multiple industries across retail and CPG, media, telecommunications, and financial services. We are grateful for Vihan’s leadership and look forward to further benefiting from his expertise as we build on the strong momentum underway with our enterprise platform.”
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“LiveRamp is a clear leader within our industry, and I am excited by the opportunity to further expand our reach and accelerate our global impact in this new role,” said Vihan Sharma. “As we continue to upgrade our customer base to our enterprise platform, our clients are looking to us for continuous innovation and meeting and exceeding their needs. I’m more confident than ever in LiveRamp’s ability to execute on our goals, and look forward to working closely with our talented team around the world to ensure we’re well positioned to reach our full potential.”
In connection with this announcement, Diego Panama will step down as LiveRamp’s Chief Commercial Officer to pursue another opportunity outside the organization.
“On behalf of the entire LiveRamp team, I’d also like to thank Diego for his valuable contributions to LiveRamp over the past eight years,” continued Howe.
Reaffirms Fiscal 2022 Fourth Quarter and Full Year Guidance
LiveRamp also announced that it is reaffirming the following guidance for the fourth quarter and full year ended March 31, 2022, as previously reported in its press release dated February 09, 2022:
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Fiscal 2022 Guidance |
Fourth Quarter |
Full Year |
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Consolidated (approximate $M’s) |
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Revenue |
$139 |
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$526 |
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GAAP Operating Loss |
$31 |
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$69 |
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Non-GAAP Operating Income |
$2 |
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$41 |
A reconciliation between GAAP and non-GAAP items is provided in a schedule to this press release.
The above statements reflect the Company’s preliminary estimates, are based upon information available to the Company as of the date of this press release and are subject to change in connection with the finalization of the Company’s financial closing procedures and financial statements for the fourth quarter and full year ended March 31, 2022. The Company’s actual results may vary materially from these estimates. In addition, the Company’s independent registered public accounting firm has not audited or reviewed, and does not express an opinion with respect to, this preliminary data. Accordingly, these estimates should not be viewed as a substitute for the Company’s full audited financial statements.
LiveRamp currently expects to report its fourth quarter and full year financial results and to file its Annual Report on Form 10-K at the end of May 2022. At that time, the Company will provide additional information, including its full financial results and commentary and its outlook for fiscal year 2023.