Hashicorp, Inc. Stock Price, News & Analysis

HashiCorp announces the return of HashiConf Global, its annual user conference, scheduled for October 4-6, 2022 in Los Angeles. The event will gather over 1,000 attendees for keynotes, customer sessions, and Learn Labs, focusing on infrastructure automation software. Attendees can engage with HashiCorp's technical team and participate in both in-person and virtual sessions, including deep-dive product discussions and customer stories. Major sponsors include leading cloud providers like Amazon Web Services and Google Cloud.

HashiCorp, Inc. (NASDAQ: HCP) has appointed David Henshall to its board of directors, effective immediately. Henshall brings extensive experience from his tenure as CEO at Citrix Systems, where he aided in scaling the company from over $500 million to more than $3 billion in revenue. His background in managing multi-cloud infrastructure automation aligns well with HashiCorp’s growth objectives. Henshall's unique insights are expected to greatly contribute to HashiCorp's ongoing strategies and expansion, addressing the growing market opportunity in cloud infrastructure.

HashiCorp, a leader in multi-cloud infrastructure automation software, reported a strong second quarter of fiscal 2023, with total revenue reaching $113.9 million, up 52% year-over-year. The company achieved a trailing four-quarter average Net Dollar Retention rate of 134%. However, GAAP operating loss widened to $78.6 million, compared to $25.1 million in the prior year. Looking ahead, HashiCorp anticipates third-quarter revenue between $110-112 million and full-year revenue of $442-448 million.

HashiCorp has announced the release of Drift Detection for Terraform, enhancing Day 2 operations for multi-cloud infrastructure management. This new feature improves operational efficiency, compliance, and reduces security risks by standardizing infrastructure provisioning. It alerts teams to discrepancies between actual and expected infrastructure states. The solution is now available for Terraform Cloud, with Terraform Enterprise access expected soon. The growing adoption of HashiCorp’s tools by over 2,000 enterprise customers underscores its effectiveness, reportedly boosting provisioning speed by five times at Earnin.

HashiCorp (NASDAQ: HCP) has announced that its Vault Enterprise has achieved FIPS 140-2 Level 1 certification, validated by Leidos. This certification marks a significant milestone for HashiCorp, enhancing its ability to serve the public sector and heavily regulated industries. FIPS 140-2 is a critical U.S. government standard for cryptographic modules, and the compliant Vault Enterprise is now available, supporting organizations needing FIPS 140-2 Level 1 cryptography. This development underscores HashiCorp's commitment to security and compliance in cloud infrastructure automation.

HashiCorp, a leader in multi-cloud infrastructure automation, reported first-quarter fiscal 2023 revenue of $100.9 million, a 51% increase year-over-year. Gross profit stood at $81.5 million, maintaining an 81% gross margin. The company experienced a GAAP net loss of $78.2 million, compared to $15.6 million last year. Key metrics included adding 525 new customers and achieving a Net Dollar Retention rate of 133%. For Q2, revenue guidance is projected between $101 million and $103 million.