BASE - These Analysts Cut Their Forecasts On Couchbase After Q1 Results | Benzinga
Couchbase, Inc. (NASDAQ:BASE) reported better-than-expected first-quarter financial results and issued guidance on Wednesday.
Couchbase reported quarterly losses of 10 cents per share which beat the analyst consensus estimate for a loss of 15 cents per share. The company reported quarterly sales of $51.33 million which beat the analyst consensus estimate of $48.56 million, according to data from Benzinga Pro.
“We grew ARR by 21% year-over-year, continued to increase our Capella mix, and made meaningful progress in our efforts to improve our operational rigor and efficiency,” said Matt Cain, Chair, President and CEO of Couchbase. “I’m particularly pleased that we delivered revenue and operating loss results that exceeded our outlook and delivered ...