Hashicorp, Inc. Stock Price, News & Analysis

HashiCorp (NASDAQ: HCP) has announced it will release its fourth quarter fiscal year 2025 financial results on March 6, 2025, after U.S. markets close. The results will cover the period ending January 31, 2025. Due to the pending transaction with IBM, the company will not host an earnings conference call or provide financial outlook.

HashiCorp (NASDAQ: HCP) reported strong Q3 FY2025 financial results with revenue reaching $173.4 million, up 19% year-over-year. The company achieved a non-GAAP operating income of $11.0 million, compared to a loss of $10.5 million in the same period last year.

Key highlights include: HashiCorp Cloud Platform revenue reached $29.0 million, representing over 17% of total subscription revenue; customer base grew to 4,856, with 946 customers generating over $100,000 in Annual Recurring Revenue. The Net Dollar Retention Rate was 109%, down from 119% year-over-year.

The company is proceeding with its previously announced merger with IBM at $35.00 per share, representing an enterprise value of $6.4 billion, expected to close in Q1 2025.

HashiCorp (NASDAQ: HCP) has been awarded the 2024 AWS Collaboration Partner of the Year - North America. The company's HashiCorp Cloud Platform (HCP) provides Infrastructure and Security Lifecycle Management capabilities for AWS customers. A notable success story includes BT Group, which reduced deployment time from days to 10 minutes using HashiCorp's solutions. The company announced new integrations including public beta of pre-written Sentinel policy sets for AWS and launch-day support for new Amazon services in the Terraform AWS provider. HashiCorp has achieved over 3 billion downloads of the Terraform AWS provider and signed a new five-year strategic collaboration agreement with AWS.

HashiCorp (NASDAQ: HCP) has announced it will release its third quarter fiscal year 2025 financial results on December 5, 2024, after U.S. markets close. The quarter ended October 31, 2024. Due to the pending transaction with IBM, the company will not host an earnings conference call or provide financial outlook.

HashiCorp is hosting HashiConf 2024 in Boston, unveiling new capabilities for its cloud platform and Infrastructure and Security Lifecycle Management offerings. The conference, attended by over 1,400 in-person and 5,000 virtual participants, focuses on scaling platform teams and addressing cloud program challenges.

Key announcements include:

• HCP Terraform Stacks (public beta) for coordinating and managing interdependent Terraform configurations
• HCP Waypoint (generally available) as an internal developer portal
• Nomad GPU enhancements for supporting AI workloads
• HCP Vault Secrets with new lifecycle management features
• HCP Vault Radar (public beta) for secret scanning and prevention
• Boundary transparent sessions (public beta) for secure remote connections

The conference features talks from global enterprises like The Hartford, Canva, Adobe, Skechers USA, Toyota, Clover, Duke Energy, and SAP, showcasing their use of HashiCorp products to improve cloud infrastructure management, security, and scalability.

HashiCorp reported solid financial results for Q2 FY2025, with revenue reaching $165.1 million, a 15% year-over-year increase. The company's Net Dollar Retention Rate was 110%, down from 124% in Q2 FY2024. GAAP RPO totaled $771.5 million, up 13% year-over-year, while non-GAAP RPO reached $793.3 million, a 12% increase. HashiCorp's customer base grew to 4,709, with 934 customers contributing over $100,000 in ARR. The company achieved non-GAAP operating income of $0.7 million, compared to a loss of $35.1 million in the same period last year. HashiCorp's proposed merger with IBM for $35.00 per share in cash is expected to close by the end of 2024, subject to regulatory approvals.

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.

HashiCorp Inc. (NASDAQ: HCP) announced that its stockholders have approved the acquisition by IBM (NYSE: IBM) at a Special Meeting of Stockholders. This marks a significant step towards finalizing the merger between the multi-cloud infrastructure automation company and the tech giant. Dave McJannet, HashiCorp's CEO, expressed satisfaction with this milestone and highlighted the potential for accelerating HashiCorp's mission through the union of two leading technology businesses with complementary visions.

The transaction is expected to close by the end of 2024, pending remaining regulatory approvals and other customary closing conditions. The final voting results will be filed with the U.S. Securities and Exchange Commission as part of a Form 8-K.

HashiCorp, known as The Infrastructure Cloud™ company, published its 2024 State of Cloud Strategy Survey on June 27, 2024. The survey reveals that only 8% of organizations are fully leveraging their cloud investments to achieve significant business benefits through standardized shared services. A major focus of the survey is on cloud maturity, showing that 40% of low-maturity organizations are yet to see returns on their cloud investments. Key findings indicate that highly mature cloud programs, characterized by centralized management and automation, report better productivity, stronger security, and reduced costs. Despite increased cloud spending and a shortage of skilled staff, 67% of highly mature organizations are overcoming these challenges by relying on platform teams. Additionally, 70% of all respondents, and 85% of the highly mature ones, are incorporating AI to enhance cloud infrastructure. The report is based on a Forrester Consulting survey of nearly 1,200 technology practitioners and decision-makers across various industries.