Braze, Inc. (NASDAQ:BRZE) reported strong Q2 results on September 8, but investors appeared more focused on the company's outlook. Despite the solid performance, the company's shares had fallen sharply following the earnings report, declining nearly 20% in the September 9 session.
In its second quarter of fiscal 2027, the company generated $227.2 million in revenue, up 26.2% year-over-year. Braze, Inc. (NASDAQ:BRZE) said growth was mainly driven by new customers, along with upsells and renewals from existing customers. Subscription revenue increased 21% to reach $207.7 million.
Non-GAAP net income also improved 26% to more than $21.23 million, or $0.19 per share. Revenue and adjusted earnings were ahead of Wall Street expectations. **** ysts were expecting Braze, Inc. (NASDAQ:BRZE) to report revenue of slightly more than $220 million and adjusted earnings of $0.15 per share.
The company also showed improvement in its cash generation as it reported record second-quarter cash flow from operations of $24 million and free cash flow of $22 million.
Guidance Becomes the Main Concern
#september
In its second quarter of fiscal 2027, the company generated $227.2 million in revenue, up 26.2% year-over-year. Braze, Inc. (NASDAQ:BRZE) said growth was mainly driven by new customers, along with upsells and renewals from existing customers. Subscription revenue increased 21% to reach $207.7 million.
Non-GAAP net income also improved 26% to more than $21.23 million, or $0.19 per share. Revenue and adjusted earnings were ahead of Wall Street expectations. **** ysts were expecting Braze, Inc. (NASDAQ:BRZE) to report revenue of slightly more than $220 million and adjusted earnings of $0.15 per share.
The company also showed improvement in its cash generation as it reported record second-quarter cash flow from operations of $24 million and free cash flow of $22 million.
Guidance Becomes the Main Concern
#september
2 days ago
