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Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year

Ali Ghodsi, co-founder and CEO of Databricks, speaks at a press conference at Databricks' Data and AI Summit in San Francisco on June 12, 2024.Jordan Novet | CNBCDatabricks, the data analytics software vendor that's among the most richly valued private U.S. tech companies, told investors on Wednesday that annualized revenue will reach $2.4 billion by the midpoint of this year. Annualized sales through July, or the first six months of fiscal 2025, will increase 60% from a year earlier, Databricks...

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