2024-02-16 10:10:32 ET
Summary
- JFrog's Q4 earnings report shows a focus on acquiring larger, enterprise customers, positioning the company for growth.
- The company's revenue in Q4 improved by 27% YoY and beat expectations, driven by enterprise acquisition and adoption of its tools.
- JFrog expects revenue to grow by 23.4% in Q1 and sees a full-year revenue growth of 22%, indicating potential for future success.
Investment Thesis
JFrog won the enterprise in FY23. That will be my key takeaway from their stellar Q4 FY23 results, which will be discussed in further detail below. What further encouraged me in my review of JFrog’s Q4 report was that its management went into great detail to explain initiatives that they had undertaken through the year to focus on acquiring larger, enterprise customers....
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For further details see:
JFrog's Penetration Into The Large Enterprise Market Has Turned Me Bullish