HashiCorp, Inc. (NASDAQ:HCP) Q3 2023 Earnings Call Transcript

Miller Jump: All right. Thank you for squeezing me in here. I guess you if you can just close it out with one on the macro. So I was just hoping to get more color on maybe the change in the macro that you saw over the course of the quarter, if there was any impact between September and October in those deal cycles? And then you had mentioned last quarter a $4 million to $6 million headwind, is that still what you’re baking in current guidance for the year? Thanks.

Dave McJannet: Yes. So Miller, I’ll maybe give the view. It’s certainly – the news headlines sort of bounce around a bunch in October and I think that was probably reflected in sentiment in October, in particular, felt a little different than September. But overall, I think it’s pretty consistent, certainly overall.

Navam Welihinda: Yes. I’d add to that the same, which is originally we had $4 million to $6 million as the impact for the back half of the year, and it’s playing out as expected and the – it’s the same range.

Operator: Thank you. One moment for questions. And our last question comes from Brad Reback with Stifel. You may proceed.

Brad Reback: Great. Thanks very much. Quick question as it relates to M&A. What are your thoughts here broadly?

Dave McJannet: Yes. I mean I think we are – we have a rich product portfolio that we’re really focused on pursuing is the simple answer. And I think that’s the direction that we always – we have seven or eight products that we are in the process of commercializing and we have plenty of portfolio to work with.

Brad Reback: Perfect. Thanks very much.

Dave McJannet: So I’d just like to close by expressing my thanks for the participation from everyone here. We certainly appreciate you dialing in for all the questions and look forward to speaking with everybody soon. Thank you.

Operator: Thank you. This concludes today’s conference call. Thank you for participating. You may now disconnect.