© Reuters HashiCorp, Inc (HCP) jumped after a strong consensus estimate
By Sam Boughedda
Shares of HashiCorp Inc (NASDAQ:
Loss per share of $ 0.13, $ 0.19 better than the analyst estimate of $ 0.32 loss per share. Revenue for the quarter came in at $125.3 million versus the consensus estimate of $111.09M.
Revenue is up 52% from $82.2M in the same period last year.
Shares of HCP are currently trading up 12% in after-hours trading, adding about a 5% gain on the regular basis.
“I am pleased with our performance in Q3. Our existing customers are seeing great value and continue to grow and expand their relationship with us at a healthy rate, as evidenced by our 134% retention rate,” said Navam Welihinda, CFO, HashiCorp.
“We have completed our multi-stage investment strategy, reaffirming our commitment to our operational goals in 2024.”
The company sees fourth-quarter revenue between $123 and $125M, with an adjusted loss per share of $0.23 to $0.21 during that period. For the full fiscal year 2023, HCP expects revenue of $463M to $465M and an adjusted loss per share between $0.71 and $0.69.
