Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u596154002/domains/usbusinessreviews.com/public_html/wp-includes/functions.php on line 6114
Couchbase stock drops 12% on FY Q4 beat, year view below expectations - Best Business Review Site 2024

Couchbase stock drops 12% on FY Q4 beat, year view below expectations

[ad_1]

Database pioneer Couchbase this afternoon reported fiscal Q4 revenue that topped Wall Street’s expectations, a smaller-than-expected net loss per share, an outlook for this quarter’s revenue in line with consensus, and a forecast for the full year’s revenue below consensus. 

The report sent Couchbase shares down 12% in late trading. 

CEO Matt Cain remarked that the company “finished [its] first fiscal year as a public company with strong momentum including ARR of $132.9 million, representing 23% growth, as well as record net new ARR of $10.6 million, which was up 65% year over year.” 

Cain added, “Looking ahead to fiscal 2023, we are excited about the opportunity to increase our momentum through our Capella database as a service offering and expanded go-to-market efforts. 

“Modernization of applications remains a top priority for enterprises as they invest in digital transformation initiatives, and Couchbase continues to be thoughtfully architected to meet the market demand for this ongoing trend.”

Also: Couchbase narrowly beats Q3 estimates, reports revenue of $30.8 million

Revenue in the three months ended in January rose to $35.1 million, yielding a net loss of 22 cents a share, excluding some costs. Analysts had been modeling $34 million and a 26-cent net loss per share.

Remaining performance obligations, or RPO, rose 58% to $161.6 million.

For the current quarter, the company sees revenue of $32.5 million to $32.7 million compared to consensus for $32.6 million. For the full year, the company sees revenue in a range of $146.5 million to $147.5 million compared to consensus of $151.4 million.

[ad_2]

Source link

slot gacor slot gacor togel macau slot hoki bandar togel slot dana slot mahjong link slot