Ledger onboard as HashiCorp works to scale to our next stage of growth,” said McJannet. “As we look forward, I’m excited for the opportunity to bring such an experienced and skilled operator as Susan St. “And while we saw pressure in the buying process, the large number of new customers gives us ongoing confidence in both the market trend of cloud adoption and our ability to deliver value helping large enterprises operate their cloud infrastructure.” “HashiCorp remains focused on its role as a partner to the Global 2000 as they transition to the cloud, and, despite the difficult macroeconomic environment, we saw meaningful progress with new customers in the first quarter,” said Dave McJannet, CEO, HashiCorp. Ledger as the company’s President, Worldwide Field Operations, starting in July 2023. HashiCorp also announced the appointment of Susan St. (NASDAQ: HCP), a leading provider of multi-cloud infrastructure automation software, today announced financial results for its first quarter of fiscal 2024, ended April 30, 2023.

SAN FRANCISCO, J(GLOBE NEWSWIRE) - HashiCorp, Inc. Ledger as President, Worldwide Field Operations. HashiCorp reduces its workforce by approximately 8%. Trailing four quarter average Net Dollar Retention Rate was 127% at the end of the first quarter of fiscal 2024 and 133% at the end of first quarter of fiscal 2023.įirst quarter total GAAP RPO totaled $635.3 million, representing an increase of 46% year-over-year first quarter current GAAP RPO totaled $373.5 million, representing an increase of 31% year-over-year.įirst quarter total non-GAAP RPO totaled $660.2 million, representing an increase of 44% year-over-year first quarter current non-GAAP RPO totaled $394.6 million, representing an increase of 29% year-over-year. First quarter revenue totaled $138.0 million, representing an increase of 37% year-over-year.

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