Databricks says annualized revenue rose over 80% to $6.9 billion; to buy security startup Panther
2026-07-10 05:12:42
According to CNBC, Databricks told analysts at its Data and AI Summit in San Francisco that annualized revenue jumped more than 80% from a year earlier to $6.9 billion, up from $5.4 billion in the fiscal fourth quarter. CEO Ali Ghodsi said higher usage from AI agents is increasing costs and he expects gross margin to decline, while the company’s annual revenue from AI products has risen to $1.7 billion from $1.4 billion in February. Databricks also said it would buy Panther, a security startup valued at $1.4 billion in 2021, and unveiled CustomerLake software for managing marketing data.
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