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home / news releases / HCP - HashiCorp: Cloud Technology Enabler Yet To Generate Returns

HCP - HashiCorp: Cloud Technology Enabler Yet To Generate Returns

HashiCorp Inc.

Summary

  • HashiCorp is making headway becoming an industry standard for cloud adoption technology. Q3 FY1/2023 NRR was 134% and customer numbers grew 63% YoY.
  • Growth is being fuelled in part by rising costs, although earnings visibility is high with recurring revenue making up over 90% of the total.
  • With prospects limited for achieving either profitability or free cash flow generation, we rate the shares as neutral.

For further details see:

HashiCorp: Cloud Technology Enabler Yet To Generate Returns
Stock Information
Company Name: HashiCorp Inc.
Stock Symbol: HCP
Market: NASDAQ
Website: hashicorp.com
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