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HashiCorp, Inc. - HCP STOCK NEWS

Welcome to our dedicated page for HashiCorp news (Ticker: HCP), a resource for investors and traders seeking the latest updates and insights on HashiCorp stock.

HashiCorp, Inc. (Symbol: HCP) is a pioneering company that revolutionizes datacenter management by providing innovative solutions for application development, delivery, and maintenance. Founded in 2012 by Mitchell Hashimoto and Armon Dadgar, HashiCorp has been at the forefront of transforming traditional datacenters into modern cloud-based systems, easing the transition from physical to virtual environments, and beyond.

Headquartered in San Francisco, HashiCorp operates a largely remote workforce distributed globally. The company's core mission is to solve complex infrastructure challenges associated with cloud adoption by enabling a standardized operating model for both public and private cloud environments. This model facilitates consistent workflows and automates essential processes such as infrastructure provisioning, security management, networking, and application deployment.

HashiCorp's product portfolio includes industry-leading tools such as Terraform for infrastructure as code, Vault for security management, Consul for service networking, and Nomad for workload orchestration. Other notable products include Vagrant, Packer, Boundary, and Waypoint, each offering unique capabilities to support multi-cloud infrastructure automation.

The company has recently expanded its partnerships with industry giants like Google Cloud and AWS. Notably, HashiCorp and Google Cloud have collaborated to integrate AI-powered features using Vertex AI, enhancing automation and streamlining cloud transformations for joint customers. Similarly, HashiCorp's partnership with AWS focuses on developing co-branded solutions and comprehensive Terraform policies to improve customer experiences and compliance with industry standards.

HashiCorp continues to experience significant growth, with over 4,350 enterprise customers globally, including prominent names like Expedia, Vodafone, and Decathlon. The company is also investing in global expansion, with the opening of a new tech hub in Madrid to support its European operations and drive innovation in multi-cloud infrastructure and security management.

Financially, HashiCorp has shown positive outlooks, and the company regularly updates stakeholders through quarterly earnings calls and reports. For the fiscal year 2024, HashiCorp has outlined ambitious growth targets and continues to leverage strategic collaborations to enhance its product suite and customer offerings.

With a robust suite of products and strategic partnerships, HashiCorp is well-positioned to lead the way in cloud infrastructure automation, helping organizations around the world to optimize their multi-cloud and hybrid environments.

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IBM acquires HashiCorp, Inc. for $6.4 billion to enhance hybrid cloud platform capabilities. HashiCorp's automation products will drive synergy with IBM's growth areas, including Red Hat, WatsonX, data security, IT automation, and consulting. The acquisition is expected to accelerate innovation, go-to-market strategies, and monetization initiatives.
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HashiCorp, Inc. (NASDAQ: HCP) launches The Infrastructure Cloud, a unified platform for Infrastructure and Security Lifecycle Management. The platform aims to deliver transformative benefits for speed, cost, and risk reduction in cloud environments. HashiCorp Cloud Platform (HCP) offers fully integrated solutions for Infrastructure Lifecycle Management and Security Lifecycle Management across multiple clouds. The company aims to help enterprises consolidate their infrastructure and security lifecycle management to support the development of new applications.
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HashiCorp, Inc. (NASDAQ: HCP) expands its European presence with the opening of a tech hub in Madrid, Spain. The hub will support multi-cloud infrastructure automation software for enterprises, with a focus on Infrastructure and Security Lifecycle Management. With over 450 million community edition downloads in the last year, HashiCorp serves major global enterprises like Expedia, booking.com, Vodafone, and Decathlon. The Madrid tech hub will house key functions for HashiCorp's global operations, emphasizing the company's commitment to talent development and growth.
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HashiCorp, Inc. (HCP) appoints Christine Centa as Chief People Officer to enhance employee experience for the next phase of growth. Centa, with over 20 years of HR experience, will lead HR functions and focus on talent acquisition, diversity, and inclusion. HashiCorp is recognized as a Great Place To Work® and has received multiple accolades for its workplace culture and teams.
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HashiCorp, Inc. (HCP) reported strong financial results for Q4 and fiscal year 2024, with revenue increasing by 15% and 23% respectively. The company's Board of Directors approved a $250 million share repurchase program. Despite positive revenue growth, there were significant operating losses and net losses in Q4, with improvements in non-GAAP metrics. HashiCorp aims to accelerate revenue growth in fiscal 2025 through strategic initiatives.
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HashiCorp, Inc. (HCP) will release its financial results for the fourth quarter and full 2024 fiscal year on Mar. 5, 2024. The company will host a conference call to discuss the results and financial guidance. Investors can access the call via webcast or telephone.
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HashiCorp, Inc. (NASDAQ: HCP) announces the appointment of Michael Weingartner as Chief Product Officer (CPO) and the promotion of Talha Tariq to Chief Information Officer (CIO) and Chief Security Officer (CSO). Weingartner brings decades of leadership experience from SAP, Oracle, and Google Cloud, focusing on cloud platform strategy and development. Tariq has 20 years of experience in building and scaling security programs. Weingartner will lead HashiCorp’s R&D organization, while Tariq will continue to grow and scale HashiCorp’s cloud-first security program.
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Google Cloud and HashiCorp, Inc. (Nasdaq: HCP) have expanded their partnership to launch new AI-powered features across HashiCorp's product suite, built using Vertex AI. Google Cloud will become a preferred AI provider for HashiCorp. The companies also announced that HashiCorp will add support for Google Cloud's Duet AI for Developers, helping to train Duet AI with product information on Terraform to provide assistance writing configurations and automating infrastructure.
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HashiCorp, Inc. (NASDAQ: HCP) announced third quarter revenue of $146.1 million, a 17% increase year-over-year. The company reported a GAAP net loss of $39.5 million but achieved its first quarter with positive Non-GAAP net income, totaling $5.6 million. The total RPO was $678.2 million, up from $531.8 million in the same period last year.
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HashiCorp, Inc. (NASDAQ: HCP) has been recognized as the Collaboration Partner of the Year – Global winner at AWS re:Invent 2023. This award highlights the extensive collaboration between HashiCorp and AWS in delivering joint infrastructure and security solutions to help customers move to and operate in AWS cloud environments. The company's infrastructure products are relied upon by major organizations such as Airbnb, Discover Financial, Vodafone, Q2, and Zurich Insurance to build, deploy, and manage their infrastructure lifecycle on AWS. HashiCorp's AWS provider for Terraform has surpassed 2 billion downloads, underlining the growing demand for standardized infrastructure as code solutions. Additionally, the integration of HashiCorp's security products with AWS reinforces identity-based controls and ensures the protection, inspection, and secure connection of users and machines to critical secrets and data.
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FAQ

What is the current stock price of HashiCorp (HCP)?

The current stock price of HashiCorp (HCP) is $33.82 as of November 20, 2024.

What is the market cap of HashiCorp (HCP)?

The market cap of HashiCorp (HCP) is approximately 6.8B.

What does HashiCorp, Inc. do?

HashiCorp provides solutions for application development, delivery, and maintenance, focusing on cloud infrastructure automation.

When was HashiCorp founded?

HashiCorp was founded in 2012 by Mitchell Hashimoto and Armon Dadgar.

Where is HashiCorp headquartered?

HashiCorp is headquartered in San Francisco, California, with a global remote workforce.

What are the main products offered by HashiCorp?

HashiCorp's main products include Terraform, Vault, Consul, Nomad, Vagrant, Packer, Boundary, and Waypoint.

What is Terraform?

Terraform is HashiCorp’s tool for infrastructure as code, allowing users to define and manage infrastructure using a high-level configuration language.

What recent partnerships has HashiCorp entered into?

HashiCorp has recently expanded partnerships with Google Cloud and AWS to integrate AI capabilities and develop co-branded solutions.

What is the goal of HashiCorp's partnership with Google Cloud?

The partnership aims to enhance automation and accelerate cloud transformation efforts through AI-powered features and new interfaces.

Who are some of HashiCorp’s notable clients?

Prominent clients include Expedia, Vodafone, and Decathlon, among others.

What is the significance of HashiCorp's new tech hub in Madrid?

The Madrid tech hub supports HashiCorp's European operations and aims to drive innovation in multi-cloud infrastructure and security management.

How can stakeholders stay updated on HashiCorp's financial performance?

Stakeholders can stay updated through quarterly earnings calls, reports, and updates available on HashiCorp’s investor relations site.

HashiCorp, Inc.

NYSE:HCP

HCP Rankings

HCP Stock Data

6.84B
149.34M
4.39%
81.76%
5.17%
Software - Infrastructure
Services-computer Programming Services
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United States of America
SAN FRANCISCO