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Sep 30, 2022
JFrog Q3 2022 Earnings Report
JFrog's Q3 2022 results exceeded expectations, with cloud revenues growing significantly and the launch of Advanced Security product.
Key Takeaways
JFrog announced strong third-quarter results, exceeding guidance across all metrics. Cloud revenue grew by 60% year-over-year, driven by increased usage in security and DevOps. The company also launched JFrog's Advanced Security, a new DevSecOps product.
Total revenue reached $72.0 million, a 34% increase year-over-year.
Cloud revenue increased by 60% year-over-year.
Launched Advanced Security, a DevOps-Centric solution for software supply chain protection.
Net Dollar Retention rate was 130%.
JFrog
JFrog
Forward Guidance
The company provided guidance for the fourth quarter of 2022, expecting revenue between $76.5 million and $77.5 million, non-GAAP operating income between $1.0 million and $2.0 million, and non-GAAP net income per diluted share between $0.01 and $0.02.
Positive Outlook
- Revenue between $76.5 million and $77.5 million
- Non-GAAP operating income between $1.0 million and $2.0 million
- Non-GAAP net income per diluted share between $0.01 and $0.02