“Our go-to-market teams remain focused on our adopt, land, expand, extend and renew sales model. HashiCorp added 525 new customers during the first quarter and also added 49 customers with equal to or greater than $100K in annual recurring revenue (ARR), totaling 704 such customers in the first quarter of fiscal 2023, up from 523 in the first quarter of fiscal 2022. Our first quarter of fiscal 2023 saw solid results for HashiCorp with revenue growth of 51% year-over-year,” said Dave McJannet, CEO, HashiCorp. “As global enterprises invest in their cloud programs, we believe our products are uniquely positioned to benefit from this large market opportunity. (NASDAQ: HCP), a leading provider of multi-cloud infrastructure automation software, today announced financial results for its first quarter of fiscal 2023, ended April 30, 2022.
SAN FRANCISCO, J(GLOBE NEWSWIRE) - HashiCorp, Inc. First quarter total non-GAAP RPO totaled $457.6 million, representing an increase of 49% year-over-year first quarter current non-GAAP RPO totaled $305.2 million, representing an increase of 55% year-over-year.First quarter total GAAP RPO totaled $433.9 million, representing an increase of 51% year-over-year first quarter current GAAP RPO totaled $284.3 million, representing an increase of 59% year-over-year.Trailing four quarter average Net Dollar Retention rate was 133% at the end of the first quarter of fiscal 2023, up from 122% in the first quarter of fiscal 2022.
First quarter revenue totaled $100.9 million, representing an increase of 51% year-over-year.
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