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SAN FRANCISCO – HashiCorp, Inc. (NASDAQ: NASDAQ:HCP) reported better-than-expected third quarter outcomes, with income rising 19% YoY to $173.4 million.
The Infrastructure Cloud firm posted non-GAAP earnings per share of $0.13, in comparison with $0.03 in the identical quarter final yr.
HashiCorp’s Q3 income development was pushed by continued adoption of its cloud platform, with cloud revenues exceeding 17% of whole subscription income. The corporate ended the quarter with 4,856 prospects, up from 4,354 a yr in the past. Clients with over $100,000 in annual recurring income grew 8% YoY to 946, representing 89% of whole income.
“The HashiCorp workforce delivered robust efficiency in the course of the third quarter of fiscal 2025, with income development of 19% year-over-year, and eight% development in $100,000 prospects year-over-year,” mentioned Dave McJannet, CEO of HashiCorp.
Non-GAAP working revenue was $11.0 million, in comparison with a lack of $10.5 million in Q3 final yr. The corporate’s trailing 4 quarter common Web Greenback Retention Price was 109%, down from 119% a yr in the past.
HashiCorp’s proposed merger with IBM (NYSE:IBM) for $35.00 per share in money is anticipated to shut within the first calendar quarter of 2025, topic to closing circumstances.
Werner Schwock, Interim CFO & CAO, famous: “HashiCorp continued to see promising development in adoption of the HashiCorp Cloud Platform, with cloud revenues exceeding 17% of whole subscription income this quarter.”
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