Braze Reports Strong Quarter but Faces Profitability Concerns

Reported about 23 hours ago

Braze's fiscal first-quarter results showed strong revenue growth of nearly 20% and improved profitability, beating top and bottom-line expectations. However, the company's lowered full-year EPS guidance and a decline in its dollar-based net retention rate raised concerns among investors, leading to a sharp drop in its stock price following the earnings announcement.

Source: YAHOO

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