Group 1 - Monteverde & Associates PC is investigating HashiCorp Inc. regarding its proposed merger with IBM, where HashiCorp stockholders will receive $35.00 per share in cash [1] - The shareholder vote for the merger is scheduled for July 15, 2024 [2] - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating a strong track record in recovering money for shareholders [1][3] Group 2 - The firm operates from the Empire State Building in New York City and has a successful history in trial and appellate courts, including the U.S. Supreme Court [3] - Shareholders with concerns can contact Juan Monteverde for additional information free of charge [4]

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company, today announced a strategic collaboration agreement with Amazon Web Services (AWS) to help customers implement infrastructure and security lifecycle management. Under this fiveyear agreement, AWS and HashiCorp will expand investments in co-innovation and go-to-market collaboration on behalf of customers. AWS and HashiCorp have a long history of working closely together. HashiCorp was recognized ...

SAN FRANCISCO, June 04, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company, today announced a strategic collaboration agreement with Amazon Web Services (AWS) to help customers implement infrastructure and security lifecycle management. Under this fiveyear agreement, AWS and HashiCorp will expand investments in co-innovation and go-to-market collaboration on behalf of customers. AWS and HashiCorp have a long history of working closely together. HashiCorp was recognized ...

HashiDays is an opportunity to showcase HashiCorp customers and the value The Infrastructure Cloud brings to their cloud programs and businesses. HashiCorp's forthcoming 2024 State of Cloud Strategy Survey indicates that only 8% of respondents have attained high operational maturity in the cloud, and 60% are experiencing a shortage of skilled staff. When enterprises reach operational maturity and find the skilled talent needed to implement platform teams, they can improve efficiency, reduce costs, and preve ...

LONDON, June 04, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company, today announced at HashiDays London a European expansion of the HashiCorp Cloud Platform (HCP), starting with HCP Terraform®. The European expansion of HCP — a unification of HashiCorp's products onto a single platform — along with enhancements across HashiCorp's solutions for Infrastructure and Security Lifecycle Management, bring together The Infrastructure Cloud to unlock developer potential while ...

Core Insights - HashiCorp, Inc. reported revenue of $160.58 million for the quarter ended April 2024, marking a year-over-year increase of 16.4% and exceeding the Zacks Consensus Estimate by 4.69% [1] - The company achieved an EPS of $0.05, a significant improvement from -$0.07 a year ago, resulting in an EPS surprise of 600.00% compared to the consensus estimate of -$0.01 [1] Revenue Breakdown - Revenue from Professional Services and other reached $6.01 million, surpassing the average estimate of $4.83 million from eight analysts [3] - Subscription revenue was reported at $154.57 million, exceeding the average estimate of $148.51 million based on eight analysts [3] - Revenue from Cloud-hosted services was $24.59 million, compared to the five-analyst average estimate of $23 million [3] - Support revenue amounted to $113.63 million, above the average estimate of $110.13 million from four analysts [3] - License revenue was reported at $16.35 million, exceeding the average estimate of $15.50 million from four analysts [3] Stock Performance - Over the past month, HashiCorp's shares have returned +2.6%, while the Zacks S&P 500 composite has changed by +3.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

HashiCorp, Inc. (HCP) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 600%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.05, delivering a surprise of 400%. Over the last four quarters, the compa ...

Financial Performance - Total revenue for the first quarter of fiscal 2025 was $160.6 million, reflecting a 16% increase year-over-year from $138.0 million in the same period last year [5][6] - GAAP gross profit was $130.3 million, maintaining an 81% gross margin, consistent with the same period last year [6] - Non-GAAP gross profit reached $136.6 million, representing an 85% non-GAAP gross margin, up from 83% in the same period last year [6] - GAAP operating loss was $67.7 million, slightly improved from a loss of $67.8 million in the same period last year [7] - Non-GAAP operating loss was $4.8 million, significantly improved from a loss of $27.3 million in the same period last year [7] - GAAP net loss was $51.1 million, compared to a net loss of $53.3 million in the same period last year [8] - Non-GAAP net income was $11.2 million, a turnaround from a non-GAAP net loss of $12.7 million in the same period last year [8] Remaining Performance Obligations (RPO) - Total GAAP RPO was $748.5 million, an 18% increase year-over-year from $635.3 million [10] - Current GAAP RPO totaled $454.0 million, up 22% year-over-year from $373.5 million [10] - Total non-GAAP RPO was $770.9 million, a 17% increase year-over-year from $660.2 million [10] - Current non-GAAP RPO reached $473.6 million, representing a 20% increase year-over-year from $394.6 million [10] Customer Metrics - HashiCorp had 4,558 customers at the end of the first quarter of fiscal 2025, up from 4,423 customers at the end of the previous fiscal quarter [13] - The number of customers with Annual Recurring Revenue (ARR) of $100,000 or more increased to 918, up from 897 in the previous quarter [13] - Customers with $100,000 or more in ARR accounted for 90% of total revenue in the first quarter of fiscal 2025, compared to 89% in the previous quarter [13] Cash Flow and Investments - Net cash provided by operating activities was $28.1 million, compared to $3.9 million in the same period last year [11] - Cash, cash equivalents, and short-term investments totaled $1,307.8 million at the end of the first quarter of fiscal 2025, up from $1,289.2 million at the end of the same period last year [11] Strategic Developments - HashiCorp announced a definitive agreement with IBM for acquisition at $35.00 per share, representing an enterprise value of $6.4 billion, expected to close by the end of 2024 [3]

Financial Performance - Total revenue for the first quarter of fiscal 2025 was $160.6 million, reflecting a 16% increase year-over-year from $138.0 million in the same period last year [5][6] - GAAP gross profit was $130.3 million, maintaining an 81% gross margin, consistent with the same period last year [6] - Non-GAAP gross profit reached $136.6 million, representing an 85% non-GAAP gross margin, up from 83% in the same period last year [6] - GAAP operating loss was $67.7 million, slightly improved from a loss of $67.8 million in the same period last year [7] - Non-GAAP operating loss was $4.8 million, significantly improved from a loss of $27.3 million in the same period last year [7] - GAAP net loss was $51.1 million, compared to a net loss of $53.3 million in the same period last year [8] - Non-GAAP net income was $11.2 million, a turnaround from a non-GAAP net loss of $12.7 million in the same period last year [8] Remaining Performance Obligations (RPO) - Total GAAP RPO was $748.5 million, an 18% increase year-over-year from $635.3 million [10] - Current GAAP RPO was $454.0 million, up 22% year-over-year from $373.5 million [10] - Total non-GAAP RPO was $770.9 million, a 17% increase year-over-year from $660.2 million [10] - Current non-GAAP RPO was $473.6 million, representing a 20% increase year-over-year from $394.6 million [10] Customer Metrics - The company had 4,558 customers at the end of the first quarter of fiscal 2025, up from 4,153 customers at the end of the first quarter of fiscal 2024 [13] - Customers with annual recurring revenue (ARR) of $100,000 or more increased to 918, up from 830 in the same period last year [13] - Customers with $100,000 or more in ARR accounted for 90% of total revenue in the first quarter of fiscal 2025, compared to 89% in the previous fiscal quarter [13] Cash Flow and Investments - Net cash provided by operating activities was $28.1 million, compared to $3.9 million in the same period last year [11] - Cash, cash equivalents, and short-term investments totaled $1,307.8 million at the end of the first quarter of fiscal 2025, up from $1,289.2 million at the end of the same period last year [11] Strategic Developments - HashiCorp announced a definitive agreement with IBM for acquisition at $35.00 per share, representing an enterprise value of $6.4 billion, expected to close by the end of 2024 [3]

Financial Performance - Total revenue for Q1 FY25 was $160.6 million, representing a 16% increase year-over-year from $138.0 million[5] - GAAP gross profit was $130.3 million with an 81% gross margin, consistent with the same gross margin percentage in Q1 FY24[6] - Non-GAAP gross profit was $136.6 million, reflecting an 85% non-GAAP gross margin, up from 83% in the same period last year[6] - GAAP net loss was $51.1 million, an improvement from a net loss of $53.3 million in Q1 FY24[8] - Non-GAAP net income was $11.2 million, compared to a non-GAAP net loss of $12.7 million in the same period last year[8] - Revenue for the three months ended April 30, 2024, was $160,579 million, representing an increase of 3.9% compared to $155,783 million for the same period in 2023[42] - The trailing twelve months (TTM) total revenue reached $605,733 thousand, up from $512,975 thousand in the previous year, representing a growth of approximately 18.1%[35] Customer Growth - The number of customers increased to 4,558, up from 4,153 at the end of Q1 FY24[18] - Customers with $100,000 or more in Annual Recurring Revenue (ARR) rose to 918, representing 90% of total revenue in Q1 FY25[18] - The number of customers increased to 4,558 as of April 30, 2024, up from 4,153 a year earlier, indicating a growth of about 9.7%[40] Cash Flow and Operating Activities - Net cash provided by operating activities increased significantly to $28,148 thousand for the three months ended April 30, 2024, compared to $3,874 thousand for the same period in 2023, representing a year-over-year increase of over 625%[33] - GAAP net cash provided by operating activities was $28,148 million for the three months ended April 30, 2024, a significant increase from $10,286 million in the previous quarter[42] - The company reported a net cash used in operating activities of $(29,794) million for the three months ended April 30, 2023, indicating a substantial improvement in cash flow management[42] - Non-GAAP free cash flow for the three months ended April 30, 2024, was $25,393 thousand, a significant increase from $744 thousand in the same period of 2023[35] - The company experienced a notable increase in free cash flow from $(36,625) million in April 2023 to $25,393 million in April 2024, highlighting improved financial performance[42] Performance Obligations - Remaining Performance Obligation (RPO) totaled $748.5 million, an 18% increase year-over-year from $635.3 million[10] - Total GAAP Remaining Performance Obligations (RPOs) decreased from $775,750 thousand as of January 31, 2024, to $748,469 thousand as of April 30, 2024, a decline of approximately 3.5%[38] Subscription Revenue - Quarterly subscription revenue from HashiCorp Cloud Platform reached $24.6 million, up from $16.5 million in Q1 FY24[18] - The quarterly subscription revenue from HashiCorp Cloud Platform (HCP) increased to $24.6 million for the three months ended April 30, 2024, compared to $16.5 million in the same period of 2023, reflecting a growth of approximately 49.1%[40] Acquisition - HashiCorp has entered into a definitive agreement for IBM to acquire the company for $35.00 per share, representing an enterprise value of $6.4 billion[3] Asset Management - Total assets decreased from $1,691,947 thousand as of January 31, 2024, to $1,648,573 thousand as of April 30, 2024, a decline of approximately 2.6%[31] Operating Margin - The GAAP operating margin improved to -42% for the three months ended April 30, 2024, compared to -49% in the same period of 2023[35]