The Ledger
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Bosworth: DataStax generates over $100M ARR with 75%+ gross margins
“Our revenues exceed a hundred million in ARR. We have over 75% gross margin.”
Bosworth: DataStax net revenue expansion exceeds 110% for enterprise accounts
“We should see net expansion rates, which includes churn and then also expansion over a 110%.
And we see well beyond that at the moment with our enterprise class counts.”
Bosworth: Migrating enterprises to distributed databases requires professional services
“What you require is some initial handholding with your customers, because they're still thinking on old relational paradigms, and when I say relational, that's Oracle, SQL Server, Sybase, those kind of things.
And you got to get them transitioned into this new…”
Bosworth: DataStax will maintain 40%+ hyper-growth for three years
“Even, even our three year business model, we're projecting still being in a hyper growth category, which generally people at our size would define as 40% or higher. And so even when, as we look out the next three years, we believe we can stay in that hyper gro…”
Bosworth: DataStax has raised almost $200 million through Series E
“That's right. Through series E as in echo. Yeah. So through those five rounds of funding, we've raised almost two hundred million.”
Bosworth: Up to 70% of DataStax workloads run in the cloud
“We have about 60 to 70% of our workloads are already being run in the cloud, either with us managing it or our customers managing it.”
Bosworth: DataStax average contract value is closer to $100,000
“Closer to the hundred grand. We service enterprises, and we stay very focused on enterprise class problems and enterprise class customers.”