Rangwan

Tech

[Rangwan @rangwan111]

@prades_maxime @cursor_ai choose separate planner and executor models within the same thread.

[Rangwan @rangwan111]

@hrishi_rajs @eldsjal @ExplainThisBob

[Rangwan @rangwan111]

@TheStalwart @buccocapital defo nope

[Rangwan @rangwan111]

@BucknSF Comments around limited macro impact + operational always-on use cases being "vast majority" should be relief given concerns going into the print

[Rangwan @rangwan111]

@BucknSF What slowdown? cloud qoq adds strong beat. RPO solid. 4Q guide above normal cadence despite qoq seasonal headwinds. Billings not great but 3Q is weak billings q plus 2Q outperformed so expected to even out?

[Rangwan @rangwan111]

@GavinSBaker Aspeed, Wiwynn

[Rangwan @rangwan111]

@MRatable I do not think the math is wrong? The 1500 >100k usd custs is not dependent on new logos. Also they are not applying NRR to this dynamic cohort but 18% annual spend growth which is < ARR.

[Rangwan @rangwan111]

@LongShortyStory @viggy_krishnan @lfg_cap @stonetreelake Some noise around total cust count due to removal of paywall.

[Rangwan @rangwan111]

@lfg_cap @viggy_krishnan @LongShortyStory @stonetreelake Agree. 8-8.5mn cloud adds for 3Q and $ amount of FY raise looks bullish, given these are derisked for macro. Why are we looking at yoy decel?

[Rangwan @rangwan111]

@LongShortyStory Mgmt also guided cloud sequential > 2Q despite derisking impact of increased deal scrutiny (2-3mn on total rev)

[Rangwan @rangwan111]

@LongShortyStory Decent 2Q and guide imo. Cloud $ add 8mn + RPO bookings look ok. Nice raise on FY rev guide, more than 2Q $ beat. FY loss margin guided to narrow vs. prior guide.

[Rangwan @rangwan111]

@InvestiAnalyst Guidance looks more than fine to me. FY guide raised by 2% at midpoint, $ went up by 12mn higher than the 2Q $ beat. FY loss margin guidance narrowed vs. prev guide. 3Q rev guidance implies 3.6% qoq growth, consistent with normal cadence. Am I missing something?

[Rangwan @rangwan111]

@andyfuegostone @LongShortyStory RPO bookings solid, flattish vs 1Q which was a good bookings quarter. FY rev guide raised by 2% or 12mn, higher than 2Q $ beat. FY OP loss margin also guided to narrow

[Rangwan @rangwan111]

@SaaScalSiakam If 2 is true, why is this not reflected in MRR churn?

And yes cloud keeps taking share, but for every shift in colo to public cloud, there's always an offsetting onprem shift to colo right.

[Rangwan @rangwan111]

@Here4Alpha Just applying 28% growth midpoint of guidance to 590 organic rev in pcp. is this too simplistic haha what am i missing

[Rangwan @rangwan111]

@new_pied_piper Organic rev guide implies sequential decline. Super weird - can't seem to reconcile this with the +ve comments on the call. Seems like they are basing guide off the 30% yoy LT baseline and shaving off some to reflect tough comps - which ofc doesn't make sense on implied qoq basis

[Rangwan @rangwan111]

@new_pied_piper @LongShortyStory @Here4Alpha yeaa agreed. Going into results market prob feared another 2% headwind from mix might cause reported GM to dip <50%. And obviously a lot of concerns on structural squeeze from the telcos esp after Sinch. So defo need more signs of GM bottoming but could have been worse...