JFrog Ltd. announced its financial results for the third quarter ended September 30, 2024, reporting total revenues of $109.1 million. This figure represents a robust 23% increase year-over-year, surpassing Wall Street's revenue expectations.
The company also reported a non-GAAP profit of $0.15 per share, which was 41.7% above analysts' consensus estimates. This strong performance indicates effective cost management and operational efficiency during the quarter.
Looking ahead, JFrog provided guidance for the next quarter, expecting revenue to be around $114 million, which aligns closely with analysts' estimates. The positive Q3 results and outlook suggest continued momentum for the company's software supply chain platform.
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