Fastly reported Q2 earnings results on August 5th. I review the financials, product improvements and take a broader look at the competitive environment.

Fastly released Q3 earnings on October 28. In this post, I review the results, updates from their user conference and the competitive landscape.

Snowflake reported Q4 FY2022 earnings on March 2nd. The results for the quarter were strong across all operational measures. However, planned platform

Since releasing earnings in early May, Fastly stock has more than doubled. I dig into what is behind their new edge compute platform and try to assess its future potential.

Twilio reported Q2 earnings results on August 4th. I review the financials, product improvements and take a broader look at the competitive environment.

As the intended outcome of this blog is to drive investment decisions, I think it is important to step back periodically and track portfolio returns. All of

Datadog released Q2 2021 results on August 5th. The report was exceptional, demonstrating a return to the high revenue growth trajectory investors became

Datadog (DDOG) delivered another impressive earnings report on November 4th. After a strong Q2, Datadog is showing no signs of slowing down as we finish out

The first iteration of the GitLab DevOps platform was much simpler and included only the Create and Verify steps. These represented the combination of their

Jeff lawson, TWilio Q2 EArnings Call

DocuSign reported Q3 earnings in early December. I review the results, along with other product updates and business developments.

DocuSign Q2 FY2021 earnings review. Includes analysis of recent results, customer wins, product launches and the competitive landscape.

I dig into the details of the acquisition of Signal Sciences by Fastly, including synergies in product offerings, customer acquisition and talent.

(Revised May 10th. Added commentary on CapEx at end)

Twilio released Q1 2021 earnings on May 5th. They continue to demonstrate strong revenue growth at scale and have multiple vectors for product expansion.

I review Datadog's Q2 2020 earnings results, including product updates, customer wins and the competitive landscape.

Internet usage patterns and delivery of software applications are undergoing major paradigm shifts. Decentralization is the primary pattern - transitioning

Snowflake (SNOW) announced Q1 FY2023 earnings on May 25th. I will share a short summary of my reactions to the report, structured around positives, negatives

While some software companies embrace product agility, Cloudflare provides a textbook example. They are delivering the fastest product release cadence in

Twilio Q3 FY2020 earnings review. Includes analysis of recent results, customer wins, product launches, an investor event and the competitive landscape.

These relationships provide tailwinds for Datadog and Dynatrace, as the cloud vendors continue to drive enterprises to cloud migrations and digital

Alteryx reported Q1 2020 earnings on May 6th. I examine the results, customer wins, product updates and new hiring plans to draw conclusions for the investment thesis.

A solution that is well-suited to address these requirements is the Snowflake Data Cloud, specifically their Data Sharing capability and the new Data

A recap of business results from the past quarter for Elastic. Coverage includes the Q1 earnings report, customer adds and product improvements.

Datadog (DDOG) released Q1 2020 earnings results on May 11. I review the financials, customer growth, product improvements and take a broader look at the observability market.

In my prior post on Cloudflare in October, I highlighted several themes that are changing how compute, data storage and network connectivity are being

Fastly (FSLY) released Q1 2020 earnings results on May 6. I review the financials, customer growth, product improvements and the leadership transition for this leader in edge compute.

After two quarters of mixed results, Snowflake reignited investor sentiment with their Q2 earnings report. Revenue beat prior estimates for the quarter by a

Avalara is a leader in tax automation and compliance solutions. This post digs into the product category, Avalara's performance and the competitive landscape.

Datadog continued its strong execution in Q1, beating expectations and significantly raising estimates for the rest of the year.

Elastic (ESTC) released Q4 FY2020 earnings results on June 3. I review the financials, customer additions, product improvements and take a broader look at competitive offerings.

Alteryx (AYX) business analysis for Q2 2020, including coverage of the earnings report, customer wins, product enhancements and the competitive landscape.

Additionally, AI provides an incremental source of enterprise demand. Driven by a desire to capitalize on value creation through the application of AI to

This post reviews Datadog's Q4 performance and examines the momentum coming out of 2020, providing a favorable set up for the rest of 2021.

Expectations for Cloudflare's Q3 2022 report were high, particularly following their strong Q2 earnings. As macro headwinds weighed on the quarter's

MongoDB delivered a banner quarterly report in early December, beating expectations on all fronts. The highlight was their continued revenue growth

Image upload After enjoying several years of hypergrowth, Datadog’s revenue outlook for this year reflects a substantial slowdown. The challenge for investors…

Image upload AI has crashed onto the investing stage in 2023, already driving significant stock price gains for several companies. Some, like Nvidia and Micro…

Datadog (DDOG) announced Q2 FY2022 earnings on August 4th. In contrast to their strong report from Q1, this quarter's results were mixed. The impact of the

Snowflake reported their Q3 FY2023 earning results on November 30th. The company beat revenue estimates, delivering 67% annual growth. The Q4 product revenue

After fairly positive earnings in Q1, MongoDB's Q2 report reflected increased pressure from the macro environment. Product-market fit, competitive position

Changes in application architecture, cloud delivery and development processes are creating opportunities for providers of transactional data storage solutions.

Peter Offringa is the author of Software Stack Investing. We cover Datadog’s unique product development cadence, how they’re able to grow their top line at 60% a year while staying profitable, and...

As quarterly earnings season kicks off for independent software infrastructure companies, I like to review the performance and announcements from the larger

Developers are at the heart of creating new digital experiences. Software companies providing them necessary building blocks will benefit regardless of which consumer offerings win.

Cloudflare (NET) announced Q2 FY2022 earnings on August 4th, demonstrating better than expected resilience to the macro backdrop, in contrast to many software

On Thursday, while investors were poring over Amazon and Apple's earnings results, Datadog snuck out another product release. In this case, they brought their

Confluent stock recently bounced off its 52 week low, yet still trades under the closing price from 2022. This is in spite of posting strong results in their

(Revised May 22nd. Added comparison to hyperscaler solutions at end)

A recap of Elastic's most recent earnings report, product announcements, customer activity and the competitive landscape.

Cloudflare recently announced a number of enhancements to their Workers product offering. These included reduced cold starts, broader language support and lower costs.

In Q3, MongoDB reversed a number of the trends that hampered their Q2 earnings report. They delivered a strong beat on revenue growth, a return to positive

Cloudflare overtakes Apache and nginx to become the most commonly used web server in the top million busiest sites.

Datadog introduced a number of new products and enhancements at their annual user conference last week. Expectations were high coming into the event, as

Datadog is a leading provider of observability solutions. We conduct a detailed review of their product capabilites, market opportunity and competitive position.

Snowflake held their annual user conference, Snowflake Summit, in Las Vegas last week. This included a number of product announcements and followed their Q1

Following a disappointing Q1 earnings report highlighted by challenges in the go-to-market effort, Cloudflare demonstrated renewed momentum in Q2. The sales

Zscaler delivered an impressive earnings report to cap off their fiscal year, demonstrating their ability to capitalize on strong demand for their leading

After setting an optimistic target for full year 2023 revenue growth in early February, Cloudflare management was forced to reset guidance lower after sales

Image upload Snowflake’s consumption business continues to feel pressure as large enterprise customers look for ways to optimize usage. While it seemed that m…

MongoDB (MDB) released Q1 FY2021 earnings results on June 4. I review the financials, product improvements and take a broader look at the competitive environment.

Cloudflare's Q4 FY2022 earnings report was much anticipated by the market. Like other software infrastructure companies with their fiscal Q4 aligned to the

Cloud vendors have traditionally dominated many categories of software services. As cloud adoption has matured and multi-cloud deployments are more prevalent, independent service providers have...

Datadog's Q3 earnings report was well-received by the market, with the stock popping as much as 9% after the release. Considering the macro backdrop and their

DocuSign (DOCU) released Q1 FY2021 earnings results on June 4. I review the financials, product improvements and take a broader look at the evolving state of digital agreements.

Image upload Headwinds from workload optimization may have peaked in Q2. After nearly a year of negative drag on revenue growth for the hyperscalers, it appea…

Introducing Cloudflare’s S3-compatible Object Storage service, with zero egress bandwidth charges and automatic migration from S3-compatible services.

Image upload With MongoDB’s Q4 earnings report following most peers in the software infrastructure space, investors were bracing for decelerating revenue grow…

Image upload After delivering favorable results in Q1, Confluent continued on largely the same trajectory in Q2. Sequential growth rates even imply stabilizat…

Hot on the heels of Snowflake Summit, Databricks held their annual Data + AI user conference from June 27 - 30 in San Francisco. The event was packed with

Cloudflare GA Week Blog Post, September 2022

Zscaler unveiled a number of product enhancements during their Zenith Live conference in June, demonstrating why they are still the leader in Security Service

Okta (OKTA) released Q1 FY2021 earnings results on May 28. I review the financials, customer additions, product improvements and take a broader look at the identity market.

Industry analyst Gartner just released their 2022 Magic Quadrant for Application Performance Monitoring and Observability. These reports are important because …

Cloudflare held another innovation week from June 20 - 24, this time focused on Zero Trust solutions. They introduced a number of new capabilities and aligned

Image upload Datadog stock surged 45% over the month of May, following their earnings report on May 4th. The results aligned with the common theme of “better …

I like to keep tabs on stocks that I have owned previously, in the event that their execution catches back up with the potential I had identified previously. W…

MongoDB (MDB) announced Q1 FY2023 earnings on June 1st. Overall, the results for Q1 were strong - particularly considering they represented improvement from a

MongoDB held their annual user conference last week, bringing together customers, partners and employees at an in-person event in New York. As we would

Continuing my series of looping back on a few companies that I had held previously, I thought it would be instructive to revisit Fastly (FSLY). I had owned Fa…

An in-depth analysis of Okta (OKTA) stock, covering financials, product offerings, addressable market, competitive landscape, sales strategy and leadership.

What a difference a year can make. In the first half of 2023, the hyperscaler earnings reports were chock full of commentary on the slowdown in enterprise IT

Image upload Leading up to Snowflake’s Q4 FY2023 earnings report, investors felt insulated from the risk of a low revenue guide for the full year. This concer…

Image upload After guiding for a sequential 4% drop in revenue for Q1, MongoDB delivered a strong beat. More importantly, their preliminary estimate for Q2 re…

Image upload Over the last two weeks, we received earnings results from the three hyperscalers – AWS, Google Cloud Platform and Microsoft Azure. Additionally,…

One of Snowflake’s newer growth strategies, beyond their core data platform, is to enable other companies to build their businesses on top of Snowflake. The va…

Image upload Coming out of 2022, the catchphrase of the Q4 earnings reports from the hyperscalers was “customer workload optimization”. This referred to the p…

Image upload Following their Q1 earnings report on May3rd, Confluent stock jumped by 16% the next day. Since then, CFLT has continued appreciating, recently p…

Twilio (TWLO) released Q1 2020 earnings results on May 6. I review the financials, customer growth, product improvements and favorable business drivers for this leader in programmable communications.

Image upload Following disappointing results from the hyperscalers, Confluent was one of the first independent software infrastructure providers to report Q4 …