Welcome to Episode 9 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into a new group of companies that are being introduced to the Cloud Wars Audience.
This episode is brought to you by Cloud Wars Expo. This in-person event will be held from June 28th to 30th at the Moscone Center in San Francisco, California
Highlights
00:10 — Today’s report looks at the Q1 FY 23 earnings report that Couchbase delivered.
02:10 — Total revenue was $34.9 million, an increase of 25% year-over-year, and exceeded analysts’ expectations by $2.23 million.
02:28 — Total ARR was $139.7 million, an increase of 27%.
02:37 — Major customer wins with Halliburton and Western Union, a $1-million-plus deal for the Capella cloud database, and a total customer base expanding to over 600.
03:05 — CEO Matt Cain described cloud centricity as the company’s number one priority, noting industry forecasts indicate the Cloud Database Management service revenue to be 50% of the total database market this year, “Now we’re well-positioned to fully participate. Cloud is at the heart of most customer conversations.”
Want to gain more insights from Cloud Wars Expo?
Starting on July 20th, more than 40 hours of on-demand cloud education content will be available for free to Acceleration Economy Subscribers.
