Braze reports Q2 EPS 9c, consensus (3c)

Reports Q2 revenue $145.5M, consensus $141.3M. Subscription revenue in the quarter was $140.0 million compared to $109.7 million in the second quarter of the fiscal year ended January 31, 2024, and professional services and other revenue was $5.5 million compared to $5.4 million in the second quarter of the fiscal year ended January 31, 2024. Remaining performance obligations as of July 31, 2024 was $689.6 million, of which $438.3 million is current, which the company defines as less than one year. “We delivered a great second quarter, demonstrating strong top-line growth while driving efficiency in our business, achieving our first quarter of non-GAAP operating income profitability and non-GAAP net income profitability. Our results demonstrate our effective execution and continued demand for the Braze Customer Engagement Platform,” said Bill Magnuson, cofounder and CEO of Braze. “Looking ahead, we remain steadfast in our pursuit of building the world’s leading customer engagement platform and driving exceptional ROI for our customers and returns for our shareholders.”