Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>HashiCorp, a leading software company specializing in multi-cloud infrastructure automation software, reported a robust fiscal 2024 fourth-quarter performance.</li><li>The company successfully exceeded its top and bottom line guidance, with total revenues achieving $156 million, up 15% year-over-year.</li><li>This uplift was bolstered by solid non-GAAP remaining performance obligations which grew by 21% year-over-year to stand at $483 million, showing strong forward revenue visibility.</li></ul>

HashiCorp, a leading software company specializing in multi-cloud infrastructure automation software, reported a robust fiscal 2024 fourth-quarter performance.The company successfully exceeded its top and bottom line guidance, with total revenues achieving $156 million, up 15% year-over-year.This uplift was bolstered by solid non-GAAP remaining performance obligations which grew by 21% year-over-year to stand at $483 million, showing strong forward revenue visibility.

HashiCorp Inc.: Are Their Tailored Security Solutions Working Well? - Major Drivers

<ul><li>HashiCorp recently released its fourth-quarter financial results, which revealed revenues of $156 million, marking an annual growth of 15%.</li><li>The firm extended non-GAAP remaining performance obligations to $483 million, representing 21% year-over-year increase, exhibiting continued demand for its products.</li><li>The key drivers for this performance were new enterprise wins and current remaining performance obligations (cRPO) growth.</li></ul>

HashiCorp recently released its fourth-quarter financial results, which revealed revenues of $156 million, marking an annual growth of 15%.The firm extended non-GAAP remaining performance obligations to $483 million, representing 21% year-over-year increase, exhibiting continued demand for its products.The key drivers for this performance were new enterprise wins and current remaining performance obligations (cRPO) growth.

HashiCorp Inc.: A Story Of Healthy Recovery In Bookings & Renewals! - Major Drivers

<ul><li>Based on the Q4 2024 earnings call transcript, it's evident that HashiCorp encountered noticeable improvements in its financial performance and is optimistic about its growth trends in the long term.</li><li>The technology company exceeded its top and bottom guidance for the quarter, with its revenues surpassing expectations at $156 million.</li><li>This represents a robust 15% year-on-year growth.</li></ul>

Based on the Q4 2024 earnings call transcript, it's evident that HashiCorp encountered noticeable improvements in its financial performance and is optimistic about its growth trends in the long term.The technology company exceeded its top and bottom guidance for the quarter, with its revenues surpassing expectations at $156 million.This represents a robust 15% year-on-year growth.

HashiCorp Inc: Impact of Optimization Cycle Recovery on Growth Rate! - Key Drivers

<ul><li>This is our first report on HashiCorp, a software company that offers cloud infrastructure automation.</li><li>The company recently reported on its third-quarter fiscal 2024 financial results.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

This is our first report on HashiCorp, a software company that offers cloud infrastructure automation.The company recently reported on its third-quarter fiscal 2024 financial results.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

HashiCorp Inc: Initiation of Coverage – AI-Powered Business Boom! Discover How HCP Is Harnessing AI to Skyrocket App Development! - Major Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

<ul>
<li>Freshworks, a cloud-based customer services software unicorn, held its first Investor Day on September 7, 2023. Management highlighted the long-term target to deliver the Rule of 40 by 2025. </li>
<li>The 2023 Investor Day agenda included company vision and strategy, solutions in action, strategy for durable growth, customer spotlight, and financial overview, among others. </li>
<li>Management plans to deliver a long-term balance of growth and profitability, with the 2026 model leading to an FCF margin of 20%+ and $1B+ revenue. </li>
</ul>


Freshworks, a cloud-based customer services software unicorn, held its first Investor Day on September 7, 2023. Management highlighted the long-term target to deliver the Rule of 40 by 2025. 
The 2023 Investor Day agenda included company vision and strategy, solutions in action, strategy for durable growth, customer spotlight, and financial overview, among others. 
Management plans to deliver a long-term balance of growth and profitability, with the 2026 model leading to an FCF margin of 20%+ and $1B+ revenue. 


Freshworks: 2023 Investor Day and Valuation Update

United States

HashiCorp, Inc. operates as a software company. The Company provides open-source tools and commercial products that enable developers, operators and security professionals to provision, secure, run, and connect cloud-computing infrastructure. HashiCorp serves customers worldwide.

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HashiCorp (HCP US)

HashiCorp Inc.: Are Their Tailored Security Solutions Working Well? - Major Drivers

HashiCorp, a leading software company specializing in multi-cloud infrastructure automation software, reported a robust fiscal 2024 fourth-quarter...

Baptista Research

HashiCorp Inc.: A Story Of Healthy Recovery In Bookings & Renewals! - Major Drivers

HashiCorp recently released its fourth-quarter financial results, which revealed revenues of $156 million, marking an annual growth of 15%. The...

Baptista Research

HashiCorp Inc: Impact of Optimization Cycle Recovery on Growth Rate! - Key Drivers

Based on the Q4 2024 earnings call transcript, it's evident that HashiCorp encountered noticeable improvements in its financial performance and is...

Baptista Research

HashiCorp Inc: Initiation of Coverage – AI-Powered Business Boom! Discover How HCP Is Harnessing AI to Skyrocket App Development! - Major Drivers

This is our first report on HashiCorp, a software company that offers cloud infrastructure automation. The company recently reported on its...

Baptista Research

Freshworks: 2023 Investor Day and Valuation Update

2023 Investor Day highlights massive TAM, ongoing business momentum, adoption of multi-product strategy, and AI monetization opportunities: PT...

Andrei Zakharov

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