JFrog shares jumped as much as 15.9% on Friday after the company reported second-quarter results that beat analyst expectations and raised its full-year revenue forecast. Revenue climbed 29% year over year to $163.8 million, while adjusted earnings per share rose 50% to $0.27, exceeding consensus estimates of $155.64 million and $0.24 respectively. Cloud revenue grew 53% to $87.5 million, now representing 53% of total revenue, and the number of customers spending over $1 million in annual recurring revenue surged 59%. Management lifted its full-year revenue guidance to a midpoint of $650 million, up from the prior $630 million outlook.
Jfrog LtdQ2 beat and raised full-year guidance
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