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HashiCorp Experiences Increased 2Q Income, Shares Rise 17%

By Stephen Nakrosis

Shares of software program firm HashiCorp Inc. have been larger in Thursday’s late buying and selling session after the corporate reported second-quarter monetary outcomes and stated income within the interval rose 52% year-over-year.

At 4:52 p.m. EDT, the corporate’s shares had risen 17.32% to commerce at $35.50 every. Quantity on the time topped 85,000 shares. The inventory completed the day’s common session with a 14.4% loss, closing at $30.26 per share.

After the bell, the corporate reported a second-quarter loss per share of 40 cents on income of $113.9 million. Within the year-ago interval, the corporate reported a loss per share of 37 cents on income of $75.1 million.

HashiCorp additionally stated it ended the interval with 3,612 clients, up from 2,101 on the finish of the year-ago interval.

The corporate stated it was anticipating third-quarter income in a variety between $110 million and $112 million and full fiscal 12 months 2023 income in a variety between $442 million and $448 million.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

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