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Jun 30, 2022
JFrog Q2 2022 Earnings Report
JFrog's financial performance in Q2 2022 showed significant year-over-year growth, driven by cloud revenue and customer expansion.
Key Takeaways
JFrog announced strong Q2 2022 results, with total revenue up 39% year-over-year to $67.8 million. Cloud revenue increased by 68% year-over-year, and the company saw significant growth in customers with ARR over $100k and $1 million.
Total revenue reached $67.8 million, a 39% increase year-over-year.
Cloud revenue grew by 68% year-over-year, representing 28% of total revenue.
Customers with ARR over $100k increased by 56% year-over-year to 647.
Net Dollar Retention rate was 132%.
Forward Guidance
JFrog anticipates revenue between $70.5 million and $71.5 million and Non-GAAP operating income between ($0.5) million and $0.5 million for Q3 2022. For fiscal year 2022, they anticipate revenue between $278.5 million and $280.5 million and Non-GAAP operating income between ($1.0) million and $1.0 million.
Positive Outlook
- Revenue between $70.5 million and $71.5 million
- Non-GAAP operating income between ($0.5) million and $0.5 million
- Non-GAAP net income per diluted share between ($0.01) and $0.01
- Revenue between $278.5 million to $280.5 million
- Non-GAAP operating income between ($1.0) million and $1.0 million
Challenges Ahead
- Non-GAAP operating income between ($0.5) million and $0.5 million
- Non-GAAP net income per diluted share between ($0.01) and $0.01
- Non-GAAP operating income between ($1.0) million and $1.0 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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