FMP
Couchbase Reports Better Than Expected Q3 Results, Provides Outlook
Dec 8, 2022 4:08 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Couchbase, Inc. (NASDAQ:BASE) reported its Q3 results, with EPS of ($0.22) coming in better than the Street estimate of ($0.33). Revenue grew 25% to $38.6 million, beating the Street estimate of $36.63 million.
ARR grew 24% to $151.7 million, compared to the Street estimate of $150.5 million, which implies a net-new ARR of $6.5 million, compared to the Street estimate of $5.3 million.
Strong execution continued this quarter, with cloud partnerships driving growth and the company signing the largest new logo deal in its history.
The company expects Q4/23 revenue in the range of $38.2-38.4 million, compared to the Street estimate of $38.9 million.
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