Record breaking quarter for Armory amidst tech slowdown
|Freeman Lightner in DevOps Monday, August 29, 2022|
Armory has announced that they have seen a record-breaking quarter for growth, revenue, product innovation, and customer expansion, amidst the big tech slowdown. Armory also announced the launch of its Continuous Deployment-as-a-Service (CDaaS) and doubled its customer base since pre-launch.
Armory, the continuous deployment (CD) company empowering development teams to easily, reliably, safely, and continuously deploy software at any scale, has highlighted the company’s record-breaking second quarter, which included product innovation, global expansion, revenue, and customer growth as well as continued 100% customer retention.
"To have a record-breaking quarter despite industry and economic challenges is a testament to the value Armory delivers every day. The grit, resilience, and dedication our team shows in delivering innovative solutions to our DevOps community will fuel continued growth and innovation not just for Armory but for the software industry as a whole," said Jim Douglas, Armory president, and CEO.
Armory announces record quarter for growth, revenue, product innovation and customer expansion
Since its founding in 2016, Armory has been dedicated to innovating and evolving its solutions to solve critical needs for the developer community. In Q2 2022, Armory launched Continuous Deployment-as-a-Service (CDaaS), which enables declarative continuous deployment, with a GitOps experience and advanced progressive deployment strategies so developers can focus on building great code, not deploying it. By orchestrating and automating deployment across all environments, CD-as-a-Service removes demands on developers as well as reduces the risk of service disruptions due to change failures. The company has already doubled its CD-as-a-Service customer base since the early access launch.
Product updates and innovation
In addition to product updates and innovation, the company significantly increased revenue, product usage, staff, and customer retention. Highlights include:
- 50%+ expansion in major accounts
- 86% YoY increase in the number of customer deployments
- 119% net retention rate (NRR)
- < 4% annual churn and 0% in Q2
- 25% increase in employee growth globally in the first six months of 2022
On the heels of this record quarter, Armory released more product innovations, including the August 2022 launch of Continuous Deployment Self-Hosted and Managed 2.28 encompassing new features, optimizations, and contributions from the Spinnaker community to ensure development teams can deploy code with even greater confidence. Armory looks forward to continued success in future quarters, beginning with sponsoring upcoming events, including Spinnaker Summit, KubeCon and AWS Reinvent this fall.
To learn more about Armory, visit: www.armory.io
Become a subscriber of App Developer Magazine for just $5.99 a month and take advantage of all these perks.
MEMBERS GET ACCESS TO
- - Exclusive content from leaders in the industry
- - Q&A articles from industry leaders
- - Tips and tricks from the most successful developers weekly
- - Monthly issues, including all 90+ back-issues since 2012
- - Event discounts and early-bird signups
- - Gain insight from top achievers in the app store
- - Learn what tools to use, what SDK's to use, and more