Databricks said its data warehousing business more than doubled over the past year to a $1.5 billion annual run rate. The update highlights strong momentum in a core product area as the private software company competes with Snowflake and Google. The report is constructive for Databricks fundamentals but is unlikely to have broad market impact.
Databricks said its data warehousing business more than doubled over the past year to a $1.5 billion annual run rate. The update highlights strong momentum in a core product area as the private software company competes with Snowflake and Google. The report is constructive for Databricks fundamentals but is unlikely to have broad market impact.
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mildly positive
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0.45
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