Couchbase Reports Better Than Expected Q3 Results, Provides Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/BASE'>Couchbase, Inc. (NASDAQ:BASE)</a> reported its Q3 results, with EPS of ($0.22) coming in better than the Street estimate of ($0.33). Revenue grew 25% to $38.6 million, beating the Street estimate of $36.63 million.</p>
<p>ARR grew 24% to $151.7 million, compared to the Street estimate of $150.5 million, which implies a net-new ARR of $6.5 million, compared to the Street estimate of $5.3 million.</p>
<p>Strong execution continued this quarter, with cloud partnerships driving growth and the company signing the largest new logo deal in its history. </p>
<p>The company expects Q4/23 revenue in the range of $38.2-38.4 million, compared to the Street estimate of $38.9 million.</p>

NASDAQ:BASE