Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
Publishing timestamp: 2024-06-12 21:37:22
Summary
Databricks is expecting sales growth of over 60% to reach $2.4 billion in annualized revenue for the first half of the year. The company's CFO provided figures at an investor briefing, highlighting growth from new and existing customers. Databricks' growth contrasts with other parts of the software industry that have been struggling. The company is investing in growth and expanding its product offerings, with a focus on data warehouse products.
Sentiment: POSITIVE
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