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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.
HashiCorp reported a strong Q3 2023, with revenues of $125.3 million, a 52% year-over-year increase. The company’s GAAP RPO was $531.8 million, up 52% year-over-year, while total non-GAAP RPO rose to $553.4 million, a 50% increase. However, the GAAP operating loss widened to $77.3 million from $21.5 million a year prior, and the net loss stood at $72.0 million. Despite these losses, the trailing four-quarter net dollar retention rate improved to 134%. Aiming for $463-$465 million in total revenue for FY 2023, the company remains focused on robust product investments.
HashiCorp has been awarded the Security Partner of the Year Award for North America during the AWS re:Invent 2022 event. This recognition honors partners aiding customers in innovation on Amazon Web Services (AWS). HashiCorp's products, including Vault, Consul, and Boundary, focus on a zero trust security model, enhancing security across cloud infrastructure. The award emphasizes HashiCorp's leadership in identity-based access solutions. The company continues to collaborate with AWS, aiming to support secure cloud adoption.
HashiCorp, Inc. (NASDAQ: HCP) announced an expanded adoption of HashiCorp Terraform by Nasdaq, enhancing their infrastructure automation capabilities.
Nasdaq has utilized Terraform for nearly a decade to accelerate technology innovation across its cloud services. The adoption of Terraform Enterprise is seen as a strategic investment by Nasdaq.
HashiCorp Terraform is recognized as the standard for infrastructure as code, boasting hundreds of millions of downloads and partnerships with over 200 technology partners.
HashiCorp, Inc. (NASDAQ: HCP) announced it will release its financial results for Q3 FY 2023, ending October 31, 2022, after market close on December 7, 2022. A conference call will follow at 2 p.m. PST to discuss the results and financial guidance. Investors can register online to participate and access a replay on HashiCorp’s investor relations site post-call. The company is recognized for its expertise in multi-cloud infrastructure automation software, aiding organizations in streamlined cloud workflows and infrastructure management.
HashiCorp (NASDAQ: HCP) has announced a strategic collaboration with Intel aimed at enhancing cloud migration processes. The partnership integrates HashiCorp Terraform with Intel's Xeon processors, focusing on improving operational efficiency and easing migration challenges faced by organizations. As part of this initiative, Intel will invest in a new offering that includes a Terraform license, tailored Sentinel policies, and migration services via a global ecosystem of partners. This new cloud migration offering will be available in early 2023 through major cloud marketplaces.
HashiCorp has launched HCP Boundary, adding to its security portfolio aimed at cloud infrastructure platform teams. This secure remote access solution is part of the HashiCorp Cloud Platform, alongside Vault and Consul, enabling a zero trust security framework. As organizations transition to cloud environments, 89% of companies identified security as a critical factor for success, prompting the need for innovative solutions. HCP Boundary offers advanced security features, including role-based access control and passwordless authentication, enhancing security during the cloud transition.
Healthpeak Properties, Inc. (NYSE: PEAK) will release its third quarter financial results on November 1, 2022, after the market closes. A conference call and webcast to discuss these results will take place on November 2, 2022, at 9:00 a.m. MT (11:00 a.m. ET). Investors can join the call by dialing (888) 317-6003 (U.S.) or (412) 317-6061 (international) with conference ID 4482164. The event will also be accessible via webcast on Healthpeak's website, with an archive available until November 2, 2023.
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.
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