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JFrog Ltd. (NASDAQ: FROG) is a leading provider of an end-to-end, hybrid, universal DevOps Platform that revolutionizes how software developers and DevOps teams build, manage, and distribute software. Headquartered in Sunnyvale, California, with additional offices in Israel and France, JFrog boasts a substantial global presence.
At the core of JFrog's offerings is the JFrog Artifactory, an innovative binary repository manager that began as an open-source project and has since expanded into Pro and Enterprise versions. Additionally, JFrog has developed Bintray, the first Distribution as a Service (DaaS) platform, further advancing the company's role in the software development ecosystem.
JFrog's product lineup includes:
- JFrog Pipelines: A robust CI/CD automation tool.
- JFrog Xray: Security and compliance scanning for open-source dependencies.
- JFrog Distribution: Efficient software distribution management.
- JFrog Artifactory Edge: Deployment of edge nodes for faster access to binaries.
- JFrog Mission Control: Centralized management for DevOps tools.
- JFrog Insight: Advanced analytics for software delivery processes.
JFrog has garnered a prestigious client list, including tech giants like Apple, Tesla, Twitter, and Google, along with over 700 other major enterprises. The company sustains its growth and innovation through a dedicated team of professionals and a passionate community of developers.
Financially, JFrog is well-funded and has a diversified revenue stream, with a significant portion coming from Israel, the United States, India, and other regions. The company is committed to delivering secure and continuous software updates, solidifying its status as a standard-setter in the DevOps industry.
JFrog (Nasdaq: FROG) has been selected for the Department of Defense (DoD) Enterprise Software Initiative (ESI)'s DevSecOps Agency Catalog. This inclusion streamlines procurement practices and reduces costs for the DoD, while accelerating the adoption of advanced security tools. The ESI catalog helps achieve a lower total cost of ownership through unified contracting and vendor management across the department.
As a trusted partner to the DoD, JFrog's participation underscores its commitment to helping defense organizations secure their software supply chains amid increasing threats. The company's solutions adhere to strict compliance and security standards, making it easier for government organizations to reinforce their security posture. This award adds to JFrog's existing government procurement vehicles, including collaborations with authorized sellers like Carahsoft, GovSmart, Four Inc., Norseman, and Red River.
JFrog (NASDAQ: FROG) announced strong financial results for Q2 2024, with total revenue reaching $103.0 million, up 22% year-over-year. Cloud revenue grew 42% to $39.3 million, representing 38% of total revenue. The company reported a GAAP Operating Loss of $19.1 million but a Non-GAAP Operating Income of $13.6 million.
Key highlights include:
- Customers with ARR > $1 million increased 75% YoY to 42
- Enterprise+ subscription revenues up 35% YoY to $51 million
- Net Dollar Retention rate of 118%
- Acquisition of Qwak AI to expand into MLOps
- Partnership with GitHub for unified platform experience
JFrog provided a positive outlook for Q3 and FY 2024, projecting continued revenue growth and profitability on a non-GAAP basis.
JFrog (Nasdaq: FROG) has announced new additions to its speaker lineup for the swampUP user conference, taking place Sept. 9-11, 2024, in Austin, TX. The event will feature industry leaders from Docker, GitHub, BSA, JP Morgan Chase, and Thoughtworks, discussing emerging software trends in DevOps, Security, MLOps, and AI.
Key speakers include Scott Johnston (Docker CEO), Victoria A. Espinel (BSA CEO), Gopinath Gopalsamy (JP Morgan Chase), and Bryan Oliver (Thoughtworks). The conference aims to address the growing complexity of software development and the integration of AI and machine learning into enterprise workflows. IDC forecasts significant growth in the enterprise applications market and AI software market, highlighting the importance of this event in shaping the future of digital innovation.
JFrog (Nasdaq: FROG), known as the Liquid Software Company, has announced its participation in an upcoming investor conference. The company will be presenting at the Canaccord Genuity 44th Annual Growth Stock Conference in Boston, Massachusetts on Wednesday, August 14th, at 7:30 a.m. Pacific Daylight Time.
This event provides an opportunity for investors to gain insights into JFrog's operations and future plans. The presentation will be accessible via a live webcast, with a replay available afterwards. Interested parties can access both the live stream and the replay through JFrog's investor relations website at https://investors.jfrog.com/events-and-presentations/events.
JFrog's new report reveals significant disparities in MLOps and security perceptions between leadership and frontline teams, increasing the risk of software supply chain attacks globally. Key findings include:
- 92% of executives claim tools to detect malicious open-source packages, but only 70% of developers agree.
- Over 90% of executives believe ML models are used in software applications, while only 63% of developers confirm.
- 88% of executives think AI/ML tools are used for security scanning, but only 60% of DevSecOps teams report using them.
- 67% of executives believe code-level security scans are regular, while only 41% of developers confirm.
The report also highlights regional disparities in security awareness and AI/ML adoption, with EMEA lagging behind the US and Asia in some areas.
JFrog, a company specializing in software supply chain solutions, announced it will release its financial results for the second quarter of 2024 on August 7, 2024, after the market closes.
A conference call to discuss these results is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET).
Investors can join the call by dialing 1 (888) 510-2285, with an international option available at 1 (646) 960-0243, or by registering through a provided webcast link.
JFrog (Nasdaq: FROG) has entered a definitive agreement to acquire Qwak AI, enhancing its platform with advanced MLOps capabilities.
This acquisition aims to streamline AI model workflows from development to production within a unified platform, enabling organizations to efficiently build, deploy, manage, and monitor AI applications.
The integration will leverage JFrog's existing tools, including Artifactory and Xray, to ensure secure and efficient model management. This move follows a successful earlier integration between JFrog and Qwak, reflecting growing market demands for unified AI and DevOps solutions.
JFrog will assimilate Qwak's technology and talent, promising a swift transition and enhanced customer experience. The acquisition aligns with JFrog's goal to provide a single platform for DevSecOps and MLOps, addressing modern needs for secure, scalable AI development.
JFrog also reaffirms its Q2 and FY2024 financial guidance.
JFrog (Nasdaq: FROG) and GitHub announced a partnership to integrate their platforms, enhancing DevOps, DevSecOps, MLOps, and AI practices.
This collaboration aims to streamline software supply chain management and security by offering bi-directional navigation between source code and binaries, continuous integration and deployment, and a unified security view. Features include GitHub Actions integration, single sign-on, and GitHub Copilot chat integration.
Key benefits highlighted include improved development efficiency, holistic security, and reduced tool complexity.
The partnership has received positive feedback from major clients like Morgan Stanley, AT&T, and Fidelity Investments. JFrog will present more details at its swampUP conference in September 2024.
JFrog, creators of the JFrog Software Supply Chain Platform, will present at two key investor conferences in Q2 2024. These include the William Blair 44th Annual Growth Stock Conference on June 4th at 11:20 a.m. PDT in Chicago, Illinois, and the Bank of America Securities Global Technology Conference on June 5th at 2:00 p.m. PDT in San Francisco, California. Live webcasts and replays of these events will be accessible via JFrog's investor relations website.
JFrog (Nasdaq: FROG) has partnered with Datadog to deliver enhanced visibility into cloud application utilization through a new integration of JFrog's Artifactory Log Streamer with Datadog Flex. This collaboration aims to accelerate cloud migration by providing developers with comprehensive insights into logs, improving efficiency and security. The integration features maintenance-free infrastructure, centralized log data, and pre-built Datadog dashboards to offer important visibility into software trends, including request and access logs. This strategic move aligns with Gartner's forecast that 85% of organizations will adopt a cloud-first strategy by 2025.
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