Q2 Results postet Q2 results this morning:…

The Good:

  • 4,8% Beat top line to previous guidance which represents 14% Growth QoQ (compared to 13,6% QoQ last quarter)
  • Growing number of larger customers (>$50,000 ARR) and healthy NRR (the bigger the customer, the higher the NRR on average)


  • Slight improvement in operating margin, would like to see more of an improvement here tbh


  • Week guidance for Q3 and Q4 with only 5% QoQ each, even with a 5% beat we would see a decelaration from 14% QoQ to under 11% QoQ (which of course is still decent BUT another decelaration while operating leverage not yet kicking in)

I do not have a position and do not intent to initiate one (remains of watchlist).