Braze, Inc. (NASDAQ:BRZE) reported its Q3 results, with EPS of ($0.15) coming in better than the Street estimate of ($0.22). Revenue was $93.1 million, beating the Street estimate of $90.6 million.
The results displayed fast but deceling SaaS growth and management issued strong commentary on expansions. These positives were offset by soft new customer metrics and a slowdown in the bookings growth from fewer renewals and multiyear deals, as well as elongating cycles, which is not a surprise.
The analysts expect Q4/23 EPS to be in the range of ($0.18)-($0.19), compared to the Street estimate of ($0.20), and revenue in the range of $95-96 million, compared to the Street estimate of $95 million.
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