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I read their s1 and it looked like a lot of the revenue came from professional services. I’m curious how this affects consultants and PSOs that might be compet

I read their s1 and it looked like a lot of the revenue came from professional services. I’m curious how this affects consultants and PSOs that might be competing w Hashi’s services business and running terraform on jenkins or whatever.

glenngillen 3y ago
previous quarter: https://ir.hashicorp.com/node/8351/pdf https://ir.hashicorp.com/node/8351/pdf Cloud: $16.5M (+88% YoY) Subscriptions: $133.6M (+35% YoY) ProServ: $4.4M (+75% YoY)
- myroon5 3y ago
  Cloud revenue is a subset of Subscription revenue, and Subscription revenue is mostly Support ($101.9M). In fact, 3/4 of their total revenue is Support
  - glenngillen 3y ago
    I don’t think Support is what you think it is here. Ask any Vault or Terraform Enterprise customer how much they pay and what it’s for.
    - softveda 3y ago
      Correct, HashiCorp support price is built into its SKU tiers like Bronze, Silver and Gold. They don't charge for support tickets.