Overview

* Couchbase ( BASE ) fiscal Q2 revenue rises 12% yr/yr, beating analysts' expectations

* However, co reports wider net loss from a year earlier as expenses rise 14.3%

* Co highlights partnerships with AWS and Google

Outlook

* Company will not provide financial guidance due to Haveli Investments acquisition

Result Drivers

* REVENUE GROWTH - Revenue increased by 12% yr/yr, driven by subscription growth and strategic partnerships

* AI INITIATIVES - Introduction of Enterprise Analytics and partnerships with AWS and Google to boost AI capabilities

* DATA CONNECTIVITY - Launch of Couchbase Connector for Confluent Cloud to simplify data movement and reduce operational overhead

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $57.57 $54.90

Revenue mln mln (14

Analysts

)

Q2 Net Miss -$23.79 -$3.62

Income mln mln (12

Analysts

)

Q2 Basic Miss -$0.43 -$0.07

EPS (14

Analysts

)

Q2 -$25.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Couchbase Inc ( BASE ) is $24.50, about 0.4% above its September 2 closing price of $24.39

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)