HashiCorp(US:HCP)2022-09-02 12:47Financial Highlights - Q2 FY23 revenue reached $1139 million, a 52% year-over-year growth compared to 49% in Q2 FY22[18, 32] - Total customers increased to 3,612, a 52% year-over-year growth from 2,101 in Q2 FY22[18, 32] - Customers with >=$100K ARR grew to 734, compared to 558 in Q2 FY22[18, 32] - Trailing Four Quarter Average Net Dollar Retention Rate increased to 134%, compared to 124% in Q2 FY22[18, 32] - Non-GAAP Total RPOs reached $4984 million, a 48% year-over-year growth from $3359 million in Q2 FY22[18, 32] Cloud Platform Adoption - HashiCorp Cloud Platform (HCP) revenue grew 183% year-over-year[23] - HCP revenue reached $106 million in Q2 FY23, compared to $37 million in Q2 FY22[32] Market Opportunity - Estimated Global Cloud TAM is projected to reach $607 billion by 2026, with a CAGR of 15% from 2021-2026[10] - Estimated HashiCorp TAM is projected to reach $73 billion by 2026, with a CAGR of 12% from 2021-2026[10] Guidance - Q3 FY23 revenue is expected to be between $110 million and $112 million[29, 58] - Full Year FY23 revenue is expected to be between $442 million and $448 million[29, 58]