Couchbase Inc. is a software technology company that specializes in delivering a modern database platform designed for business-critical applications. Its core product is a NoSQL database that combines the flexibility of document-oriented storage with the scaling capabilities required for high-performance environments. The company's solutions enable organizations to efficiently manage and analyze vast amounts of data in real-time, supporting use cases in various sectors such as finance, healthcare, and e-commerce. By providing tools for seamless integration, sophisticated data management, and enhanced analytics, Couchbase empowers businesses to innovate and enhance their customer experiences through data-driven insights.
Database as a service company Couchbase (NASDAQ: BASE) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 12.7% year on year to $51.63 million. On the other hand, next quarter’s revenue guidance of $52.75 million was less impressive, coming in 2.3% below analysts’ estimates. Its non-GAAP loss of $0.05 per share was 37.9% above analysts’ consensus estimates.
Despite a potential dip in ARR growth to 16% due to macro headwinds, analysts expect a rebound to over 20% next year, with gross margins steady at 86-90%.