Databricks YoY Growth


           Databricks YoY Growth

Databricks has shown impressive year-over-year (YoY) growth in several areas:

Overall Revenue:

  • In Q2 of the fiscal year ending July 31, 2023, Databricks reported over 50% YoY revenue growth, marking its strongest quarter in revenue growth.
  • The company reported a growth rate of over 60% for the fiscal year ending January 31, 2023.
  • In March 2024, TechCrunch reported Databricks’ revenue of $1.6 billion, with a more than 50% growth rate.

Specific Products:

  • Databricks SQL, their data warehousing product, hit $100 million in annual recurring revenue (ARR) just one year after launching.

Customer Base:

  • The company ended Q2 of the fiscal year ending July 31, 2023, with more than 10,000 customers globally, including over 300, with an annual revenue run rate of $1 million or more.

Internal Tool Adoption:

  • dbt, a data transformation tool, saw a 206% YoY increase in customers using it on the Databricks Lakehouse.
  • Fivetran, a data integration tool, also experienced substantial growth with an 181% YoY increase.

Please note that these figures are based on reports from various sources, and some are estimates.

You consult Databricks’ official financial reports and press releases for the most accurate and up-to-date information.

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