HashiCorp Q2 2024 Earnings Report

HashiCorp EPS Results

• Actual EPS: -$0.34
• Consensus EPS: -$0.38
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: N/A

HashiCorp Revenue Results

• Actual Revenue: $143.25 million
• Expected Revenue: $138.37 million
• Beat/Miss: Beat by +$4.88 million
• YoY Revenue Growth: N/A

HashiCorp Announcement Details

• Quarter: Q2 2024
• Date: 8/31/2023
• Time: N/A

HashiCorp (NASDAQ:HCP) engages in the provision of multi-cloud infrastructure automation solutions worldwide. The company offers infrastructure provisioning products, including Terraform, that enables IT operations teams to apply an Infrastructure-as-Code approach, where processes and configuration required to support applications are codified and automated instead of being manual and ticket-based; Packer, that provides a consistent way to define the process of transforming the raw source inputs into a production worthy artifact, across any environment or packaging format; and Vagrant, that allows teams to define how development environments are set up. It also provides security products, such as Vault, a secrets management and data protection product, which enables security teams to apply policies based on application and user identity to govern access to credentials and secure sensitive data; and Boundary, that applies an identity-based approach to privileged access management and unifies the controls to a single system. In addition, the company offers Consul, an application-centric networking automation product that enables practitioners to manage application traffic, security teams to secure and restrict access between applications, and operations teams to automate the underlying network infrastructure; Nomad, a scheduler and workload orchestrator, which provides practitioners with a self-service interface to manage the application lifecycle; and Waypoint, an application delivery product that provides a developer-focused workflow for the build, deploy, and release process. Further, it provides HashiCorp Cloud Platform, a fully-managed cloud platform for multiple products to accelerate enterprise cloud migration by addressing resource and skills gaps, improving operational efficiency, and speeding up deployment time for customers. The company was incorporated in 2012 and is headquartered in San Francisco, California.