HCP - HashiCorp Inc. (HCP) Q4 2024 Earnings Call Transcript
2024-03-05 21:33:31 ET
HashiCorp, Inc. (HCP)
Q4 2024 Earnings Conference Call
March 5, 2024 5:00 PM ET
Company Participants
Alex Kurtz - Vice President, Investor Relations and Corporate Development
Dave McJannet - Chief Executive Officer
Navam Welihinda - Chief Financial Officer
Armon Dadgar - Chief Technology Officer and Co-Founder
Conference Call Participants
Derrick Wood - TD Cowen
Sanjit Singh - Morgan Stanley
Nick Altmann - Scotiabank
Ittai Kidron - Oppenheimer
Alex Zukin - Wolfe Research
Mark Murphy - JPMorgan
Jim Fish - Piper Sandler
Jason Ader - William Blair
Kash Rangan - Goldman Sachs
Brad Sills - Bank of America
Fatima Boolani - Citi
Matt Dezort - Needham
Ari Terjanian - Cleveland Research
Presentation
Alex Kurtz
Good afternoon, and welcome to HashiCorp's fiscal 2024 Fourth Quarter Earnings Call. This afternoon, we will be discussing our fourth quarter financial results announced in our press release issued after the market closed today. With me are HashiCorp's CEO, Dave McJannet; CFO, Navam Welihinda; and CTO and Co-Founder, Armon Dadgar.
In conjunction with our earnings press release, we have published an earnings presentation that provides additional financial information about our quarter. We encourage you to review that presentation in advance of our call. You can access it on our investor website at ir.hashicorp.com.
Today's call will contain forward-looking statements which are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning financial and business trends, our expected future business and financial performance and financial condition, and our guidance for the first quarter and the full 2025 fiscal year.
These statements may be identified by words such as expect, anticipate, intend, plan, believe, seek or will or similar statements. These statements reflect our views as of today only and should not be relied upon as representing our views at any subsequent date, and we do not undertake any duty to update these statements. Forward-looking statements by their nature address matters that are subject to risks and uncertainties that could cause actual results to differ materially from expectations.
During the call, we will also discuss certain non-GAAP financial measures, which are not prepared in accordance with generally accepted accounting principles. The financial measures presented on this call are prepared in accordance with GAAP unless otherwise noted. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures as well as how we define these and other metrics is included in our earnings press release, which has been furnished to the SEC and is also available on our website at ir.hashicorp.com.
With that, let me turn the call over to Dave. Dave?
Dave McJannet
Thank you, Alex, and welcome everyone to our fourth quarter earnings call for fiscal 2024. We reported solid fourth quarter results that exceeded our top and bottom line guidance with revenues of $156 million, representing year-over-year growth of 15%, and are pleased with our current non-GAAP remaining performance obligations performance which reached $483 million, representing 21% year-over-year growth.
I want to start today's call by thanking everyone on the HashiCorp team for the solid fourth quarter close to our fiscal year. Through their hard work, we exceeded expectations in the quarter with important new enterprise logo wins and CRPO growth that demonstrated continued demand for our products as customers trust us with their most important cloud projects....
HashiCorp, Inc. (HCP) Q4 2024 Earnings Call Transcript