JFrog Earnings Top Estimates. CEO Sees No Disruption to Growth From War in Israel.

Software-development-tools company JFrog posted better-than-expected third-quarter results, while providing upbeat guidance despite the impact of its business from the war in Israel, where the company has more than half of its employees.

JFrog said cloud revenue in the quarter was $30.6 million, up 46% from a year earlier, and accounting for 35% of total revenue, up from 29% a year ago. Jfrog added six customers each generating annualized revenue for the company of more than $1 million, bringing the total to 30, which is up from 18 a year earlier.

JFrog provides tools used by developers to secure, create, and distribute software. CEO Shlomi Ben Haim said in an interview with Barron’s from the company’s office in Tel Aviv that while the company entered the year anticipating a potential recession, he added that customers can’t reduce their focus on the speed and security of software delivery. “That’s where JFrog shines,” he says.

Ben Haim said the company activated its business continuity plan two hours after the attack by Hamas started, and that he’s tried to keep the business running with minimal distraction. He said the company’s staff are safe and accounted for; he also noted that two of his daughters are serving in the IDF.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

CVS Earnings Top Estimates but Stock Drops as Outlook Is Slashed AgainCVS revises lower its guidance range for diluted GAAP earnings per share for the third straight quarter.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Informatica Cuts Staff 10%, Sets New $200 Million Buyback, As Earnings Top EstimatesIt posted quarterly revenue of $408.6 million, up 10% from a year ago, and earned 27 cents a share, up four cents.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Airbnb Earnings Top Estimates, But Stock Slips on Light GuidanceAirbnb posted revenue of $3.4 billion, up 18% from a year ago.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Fresh Del Monte’s stock slides premarket after earnings fall short of estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Wingstop’s stock pops 7% after earnings beat estimates by a wide marginCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

These companies are slashing earnings estimates, but the market may have sniffed that out alreadyThe S&P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »