Databricks is proof that strong unicorns can grow their way out of a market correction
https://techcrunch.com/2023/06/21/databricks-is-proof-that-strong-unicorns-can-grow-their-way-out-of-a-market-correction/
Databricks recently revealed that it recorded revenue of more than $1 billion in the financial year ended January 31. The company also said it grew more than 60% last year and its data warehousing product crossed the $100 million annual recurring revenue (ARR) threshold in April.
Databricks has always grown quickly, so it’s not surprising to hear that it has surpassed new revenue milestones, but these numbers are impressive even though we’ve been tracking this company for a while.