JFrog Q4 2024 Earnings: Revenue Surprises, Large Customer Wins Accelerate
Company Highlights:
* Revenue: $116.1 million, exceeding analyst estimates by 1.6% (19.4% YoY growth)
* Adjusted EPS: $0.19, surpassing analyst estimates by 36.7%
* Adjusted Operating Income: $20.95 million, beating analyst estimates by 43.4% (18% margin)
* Customers: 1,018 paying over $100,000 annually
* Net Revenue Retention Rate: 116%, indicating strong customer loyalty
* Market Capitalization: $4.12 billion
Sales Growth:
* Annualized revenue growth of 27.5% over the past three years
* Outperforming industry average, demonstrating customer demand
Customer Retention:
* Net revenue retention rate of 117%, a key performance indicator of customer satisfaction and value realization
Key Takeaways:
* Accelerated new large customer wins
* Revenue and operating profit exceeding Wall Street expectations
* Strong growth outlook, with analysts predicting 16.4% revenue growth over the next 12 months
Investment Considerations:
* Consider JFrog's full research report for a comprehensive analysis of fundamentals and valuation
* Evaluate the company's strengths, such as its software development platform, customer base, and financial performance
Disclosure: The author holds no financial interest in JFrog or any related companies.