Braze Inc. (NASDAQ:BRZE) stock fell Wednesday after the customer engagement software company reported fiscal second-quarter results that beat Wall Street earnings and revenue expectations but issued third-quarter adjusted EPS guidance below estimates.
Braze reported adjusted EPS of 19 cents, beating the 16-cent estimate.
Sales rose 26% year over year to $227.23 million, topping the $219.92 million estimate.
Adjusted operating margin improved by more than 600 basis points year over year as operating efficiency improved.
Adjusted gross profit rose to $156 million from $125 million a year earlier. Gross margin narrowed to 68.6% from 69.3%, reflecting higher premium messaging volumes and additional Decisioning Studio headcount.
