Welcome to Episode 44 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more Innovation Accelerators on the Cloud Wars Horizon. This episode reviews the second fiscal quarter highlights from Couchbase.
Highlights
00:50 — Cloud database provider Couchbase is the rare public company that beat expectations across metrics, raised its outlook for the full year, and expressed confidence over the demand environment.
01:05 — “In our core business we continue to see broad strength including large deal momentum, renewal and expansion activity and healthy new lands,” CEO Matt Cain said.
01:30 — Annual Recurring Revenue as of July 31 was $145.2 million, up 26% year over year
02:05 — Cain said the company’s performance through the difficult environment in recent quarters gives him “added confidence” in Couchbase’s ability to navigate more challenging selling environments.
02:30 — The company’s employees wake up every day with a “healthy paranoia” due to current market conditions.
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