JFrog Q2 2024 Earnings Report
Key Takeaways
JFrog reported a 22% year-over-year increase in total revenue, reaching $103.0 million for Q2 2024. Cloud revenue grew by 42% year-over-year, representing 38% of total revenue. The company acquired Qwak AI to expand its platform to include MLOps.
Total revenue reached $103.0 million, a 22% increase year-over-year.
Cloud revenue increased by 42% year-over-year, accounting for 38% of total revenue.
Customers with ARR greater than $1 million increased by 75% year-over-year, totaling 42 customers.
JFrog acquired Qwak AI, expanding the platform to include MLOps capabilities.
JFrog
JFrog
Forward Guidance
JFrog anticipates revenue between $105 million and $106 million for Q3 2024. Non-GAAP operating income is expected to be between $10 million and $11 million, with non-GAAP net income per diluted share between $0.09 and $0.11.
Positive Outlook
- Revenue between $105 million and $106 million
- Non-GAAP operating income between $10 million and $11 million
- Non-GAAP net income per diluted share between $0.09 and $0.11
- Assuming approximately 115 million weighted average diluted shares outstanding