Concise and well done, rdutt. I hope to see you post more! A couple other points on the quarter:
It was, as usual for Talend, perfectly boring. 40%+ overall revenue growth, cloud and big data revenue growing at 100%+, dollar cost net expansion rate over 120% as always…nothing to see here but a company executing perfectly on a fantastic opportunity.
Remember that this is still a tiny 1.7 billion dollar market cap. They’ll cross the 200M TTM revenue marker in a couple quarters, and I think there’s an absolute ton of room to grow.
Speaking of growth, one of my favorite metrics is the growth in their Enterprise customers (those with subscription revenue over 100k annually). Here’s the last several quarters:
Mar17: 260
Jun17: 291
Sep17: 335
Dec17: 353
Mar18: 380 (up 46% YoY…I bet the average spend is up too, but I haven’t confirmed)
And lastly, they had 5M bucks of FCF. Just a great quarter.
Bear