HashiCorp to Announce Second Quarter Fiscal Year 2025 Financial Results on August 29, 2024

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

HashiCorp (NASDAQ: HCP), The Infrastructure Cloud™ company, has announced it will release its second quarter fiscal year 2025 financial results on August 29, 2024, after U.S. markets close. The quarter ended on July 31, 2024. Notably, due to the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call or providing a financial outlook. This decision marks a significant departure from typical earnings release practices, likely due to the ongoing acquisition process.

Positive

Timely release of quarterly financial results
Potential acquisition by IBM in progress

Negative

No earnings conference call scheduled
No financial outlook to be provided
transparency due to pending IBM transaction

News Market Reaction 1 Alert

-0.06% News Effect

On the day this news was published, HCP declined 0.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/12/2024 - 09:00 AM

SAN FRANCISCO, Aug. 12, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure Cloud™ company, today announced it will release financial results for its second quarter of 2025 fiscal year, which ended July 31, 2024, after the U.S. markets close Thursday, August 29, 2024.

In light of the pending transaction with IBM, HashiCorp will not be hosting an earnings conference call to review the results or providing a financial outlook.

About HashiCorp

HashiCorp is The Infrastructure Cloud™ company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit hashicorp.com.

FAQ

When will HashiCorp (HCP) release its Q2 FY2025 financial results?

HashiCorp (HCP) will release its second quarter fiscal year 2025 financial results on August 29, 2024, after U.S. markets close.

Why isn't HashiCorp (HCP) hosting an earnings call for Q2 FY2025?

HashiCorp (HCP) is not hosting an earnings call due to the pending transaction with IBM.

Will HashiCorp (HCP) provide a financial outlook with its Q2 FY2025 results?

No, HashiCorp (HCP) will not be providing a financial outlook with its Q2 FY2025 results due to the pending transaction with IBM.

What is the significance of the pending IBM transaction for HashiCorp (HCP)?

The pending IBM transaction is significant enough to alter HashiCorp's typical earnings release practices, including the cancellation of the earnings call and financial outlook.