JFrog, Ltd. FROG reported its fourth-quarter outcomes after Thursday’s closing bell. This is a have a look at the particulars from the report.
The Particulars: JFrog reported quarterly earnings of 19 cents per share which beat the analyst consensus estimate of 14 cents. Quarterly income clocked in at $116.08 million which beat the analyst consensus estimate of $114.19 million and is a rise over income of $97.26 million from the identical interval final 12 months.
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“The landscapes of DevOps, DevSecOps, and MLOps are evolving quickly, with buyer demand for complete, end-to-end options that unify and safe the software program provide chain, whereas enabling accountable GenAI adoption. These transformative shifts contributed to our success all through 2024,” mentioned Shlomi Ben Haim, CEO of JFrog.
“In 2024, JFrog achieved sturdy cloud enlargement, accelerated Platform adoption, and progress in safety, all whereas delivering excessive Working Money Movement and Free Money Movement efficiency. We now have solidified our place as the only system of report for all sorts of software program packages and AI fashions, and we stay dedicated to amplifying this momentum in 2025,” Haim added.
Outlook: JFrog expects first-quarter income in a spread of $116 million to $118 million, versus the $117.37 million estimate, and EPS of between 15 cents and 17 cents, versus the 15-cent estimate.
The corporate sees fiscal 2025 income in a spread of $499 million to $503 million, versus the $499.62 million estimate and EPS of between 67 cents and 69 cents, versus the 66 cent estimate.
FROG Value Motion: In keeping with information from Benzinga Professional, JFrog shares are up 6.3% after hours at $40.10 Thursday.
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