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Market
Revenue contribution from new customers by July 2024
5
Resolution / Starting Odds
Less than $500 million • 33%
$500 million to $700 million • 33%
More than $700 million • 34%
Databricks financial reports, investor briefings, and press releases
Story
Databricks Projects $2.4 Billion Revenue with 60% Growth in FY 2025
Jun 13, 2024, 02:02 AM
Databricks has informed investors that its annualized revenue is expected to reach $2.4 billion by the midpoint of this year, representing a growth rate of over 60% year-over-year. The announcement was made by CFO Dave Conte during an investor briefing at the company's Data and AI Summit in San Francisco. This growth marks an acceleration compared to the previous year, when the company achieved a 50% growth rate to reach $1.5 billion in annualized revenue. The increase in revenue is attributed to new customer acquisitions and expanded usage among existing customers. The expected revenue will cover the first half of its FY 2025, through July 2024.
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Less than $1 billion • 33%
$1 billion to $1.5 billion • 33%
More than $1.5 billion • 33%
Less than $100 million • 33%
Between $100 million and $500 million • 33%
More than $500 million • 33%
Less than 50 • 33%
50 to 100 • 33%
More than 100 • 33%
0-5% • 25%
5-10% • 25%
10-15% • 25%
15% or more • 25%
Databricks outperforms Snowflake • 33%
Databricks and Snowflake perform similarly • 33%
Snowflake outperforms Databricks • 33%
Data Format Compatibility • 50%
Cloud Optimization • 50%