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Sep 30, 2024
JFrog Q3 2024 Earnings Report
JFrog's Q3 2024 results reflected strong execution with significant enterprise wins.
Key Takeaways
JFrog reported a 23% year-over-year increase in revenue, reaching $109.1 million. Cloud revenue grew by 38% year-over-year and now represents 39% of total revenue. The company continues to expand its platform with new features like MLOps and Runtime Security.
Total revenue reached $109.1 million, a 23% increase year-over-year.
Cloud revenue increased by 38% year-over-year, accounting for 39% of total revenue.
Customers with ARR greater than $1 million increased by 53% year-over-year, totaling 46.
JFrog Platform expanded with MLOps and Runtime Security.
Forward Guidance
JFrog anticipates revenue between $113.5 million and $114.5 million and non-GAAP operating income between $14.0 million and $15.0 million for Q4 2024. For the full year 2024, they expect revenue between $425.9 million and $426.9 million and non-GAAP operating income between $56.4 million and $57.4 million.
Positive Outlook
- Revenue between $113.5 million and $114.5 million
- Non-GAAP operating income between $14.0 million and $15.0 million
- Non-GAAP net income per diluted share between $0.13 and $0.15
- Revenue between $425.9 million to $426.9 million
- Non-GAAP operating income between $56.4 million and $57.4 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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