Braze, Inc. operates a customer engagement platform that provides interactions between consumers and brands worldwide. The company offers Braze software development kits that automatically manage data ingestion and deliver mobile and web notifications.

• Oversold conditions- The company has gone through turbulent times in recent weeks and is potentially undervalued and is trading at its fair value price. The oversold conditions have created an opportunity to buy the stock at its fairly decent price, hence short to midterm returns are expected out of this stock.

• Revenue increased 26.4% year on year to $145.5 million from $115.1 million in the second quarter of the fiscal year ending January 31, 2024, driven primarily by new customers, upsells, and renewals.

• Subscription revenue in the quarter was $140.0 million, up from $109.7 million in the second quarter of the fiscal year ended January 31, 2024, while professional services and other revenue was $5.5 million, up from $5.4 million in the second quarter of the fiscal year ended January 31, 2024.

• Non-GAAP gross margin was 70.9%, up from 70.0% in the fiscal year's second quarter, which ended January 31, 2024. 

• The dollar-based net retention for all customers in the trailing 12 months ended July 31, 2024 and July 31, 2023 was 114% and 120%, respectively.

                                                                                Acrobull UK Recommendation Based on Evaluation