Databricks is projected to reach a revenue run-rate of $2.4B with a 60% YoY growth rate, surpassing $1.5B from the previous year. Investors favor Databricks over Snowflake due to perceived AI strength.
True Value: Investors give Databricks the edge over its rival, Snowflake, in part because of Databricks’ perceived AI strength. They're missing the big picture. https://t.co/v4r4y1uEWj From @AnitaRamaswamy.
Databricks is expecting to see annualized revenue grow 60% YoY to $2.4B by the end of July, accelerating from 50% growth to $1.5B last year. $SNOW $MSFT $NVDA $GOOG $AMZN
Directionally correct analysis, but the apples-to-apples comparison should be gross profit scale (and eventually FCF) scale. On a GP basis, Databricks is closer to $SNOW than the (excellent) analysis below from @DanelDayan suggests. On a FCF basis, they are behind (by design). https://t.co/8jR9xiVuAk
Databricks disclosed that they are expecting to cross $2.4B in revenue run-rate growing ~65% Y/Y by H1’25 (Jan FYE). This was alongside top-tier metrics: 80%+ GMs, 140%+ NDR, and a multi-product story where ~50% of customers use 6+ products (incl. their Data Warehouse product… https://t.co/SivA8pRfFw
Comparing 4 Qs of revenue growth for EBIT positive, high-growth software firms -- $CRWD $SNOW $DDOG $ZS $NET $MDB $PLTR https://t.co/yXO4FjHVyD