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You made me look into HashiCorp again. It's a great company from a developers perspective, in terms of the many useful tools created: Vagrant, Packer, Nomad, Consul, etc

However their financials are... LOL

Revenue US$583 million (2024)

Operating income US$−254 million (2024)

50% loss margin :-)))

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This can't be right. How are they still afloat?

Actually, that's the question (or rather the feeling) I had even before seeing these numbers. Just by reading the docs and looking at everything they built (and how they built it) made me wonder if they spend more than they make. That's a really funny feeling I never had before. Like, surely economies can't be that forgiving when it comes to polishing things. Is that what's happening to the company? Mere overspending?

They’re owned by IBM

More like IBM saved them.

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