Extra tags: Database
DataStax, the real-time data company, reported a great first quarter of FY23, with Astra DB, its award-winning serverless, multi-cloud database, seeing over 350% year-over-year revenue increase. Furthermore, Astra DB is responsible for more than half of DataStax's new yearly recurring revenue, as businesses worldwide rely on its scalability, performance, and pay-as-you-grow affordability to offer the real-time applications that keep their businesses running.
DataStax also recorded nearly 120% net dollar expansion and over 90% gross dollar retention year-over-year, a strong testament to the company’s award-winning customer service and trust in its unified open stack.
“Delivering stellar customer experiences is no longer a luxury, but a mandate,” said Prasad Ramakrishnan, CIO of Freshworks. “Our 50,000+ customers around the globe turn to Freshworks to understand the experiences their customers have when engaging with their brand. With Astra DB, we have the global-scale, high-performance and zero-downtime we need and our customers have the gold mine of customer experience data they need to create delightful experiences at scale.”
“We live in a time when real-time applications are the engines of innovation,” said Chet Kapoor, DataStax chairman and CEO. “Software developers are on the front lines tasked with bringing these applications to life – only hindered by their imaginations and the technologies available to them. Astra DB is unlocking developer creativity with access to the world’s best and most scalable cloud data stack that makes the data available in real time and empowers them to build the digital experiences that are driving businesses forward.”
According to IDC FutureScape: Worldwide Data and Content Technologies 2022 Predictions, by 2024, net-new production-grade cloud-native apps will increase to 70% of all apps because of the adoption of technologies such as microservices, containers, dynamic orchestration, and DevOps. This represents a fundamental shift in business strategy — moving beyond product differentiation and pricing toward ecosystem-based value creation and the transformation into digital-native enterprises.
For Q1 FY23, DataStax inked new and expansion deals with leading enterprises from around the globe, including: CEVA Logistics, Commonstock, Enovos Luxembourg SA, EOS Smart Connectivity, Freshworks, Janus Henderson Investors, Jooycar, Loyalty Communication, MegaZebra GmbH, Rambus, Recruiter.com, text+, Trigyn, Uniphore Software Systems, Zendesk, and Zonar Systems.
DataStax Q1 Highlights
DataStax was recognised as a great place to work in its fiscal Q1 and provided several technology improvements that reinforce the company's unique approach to assisting organisations in unlocking the value of real-time data.
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Astra DB change data capture (CDC) for connected, real-time data pipelines powered by streaming.
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New security features in Astra DB help protect sensitive PII data.
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DataStax added multi-cluster support for Apache Cassandra on Kubernetes for real-time applications that require high availability on Kubernetes, across multiple regions.
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DataStax customer service won the NorthFace ScoreBoard Service Award for the second year in a row and the company was recognised by Comparably as a great place to work.
