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PONDU delivers cutting-edge data management and cloud integration solutions for enterprise clients. This news hub provides investors and industry professionals with timely updates on the company's strategic initiatives and market position.
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MariaDB (NYSE: MRDB) has released its financial results for the second quarter of fiscal year 2024. The company reported an 11.9% increase in Annual Recurring Revenue (ARR) year-over-year. Adjusted EBITDA loss improved by 97%, reducing to $378 thousand from $12.6 million in the prior year's second quarter. Additionally, the Net Loss for the quarter was $3.5 million, an $8.4 million improvement from the previous year's $11.9 million loss. CEO Paul O'Brien highlighted these results as a demonstration of the company's financial turnaround. Full details are available in the Quarterly Report Form 10-Q on the SEC's website and MariaDB's Investor Relations website.
