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Test Detail:
The HashiCorp Certified: Terraform Associate (TA-002-P) exam is designed to validate the knowledge and skills required to effectively use Terraform to automate infrastructure provisioning and management. This certification is intended for professionals who work with Terraform and are responsible for designing and implementing infrastructure as code solutions.
Course Outline:
The HashiCorp Certified: Terraform Associate course provides participants with a comprehensive understanding of Terraform and its capabilities. The following is a general outline of the key areas covered in the certification program:
1. Introduction to Infrastructure as Code (IaC) and Terraform:
- Understanding the principles and benefits of IaC
- Introduction to Terraform and its use cases
- Terraform installation and basic configuration
2. Terraform Configuration Language (HCL):
- Learning the syntax and structure of HCL
- Declaring and managing resources using HCL
- Using variables, modules, and data sources in Terraform configurations
3. Terraform Workflow and Commands:
- Understanding the Terraform workflow and state management
- Initializing and planning Terraform configurations
- Applying and destroying infrastructure using Terraform
4. Terraform Providers and Modules:
- Exploring Terraform providers and their configuration
- Leveraging community and custom modules in Terraform
- Working with remote and local modules
5. Terraform Best Practices and Security:
- Implementing best practices for Terraform code organization and version control
- Applying security practices for protecting sensitive information
- Managing Terraform workspaces and environments
Exam Objectives:
The HashiCorp Certified: Terraform Associate (TA-002-P) exam assesses candidates' knowledge and skills in using Terraform for infrastructure provisioning and management. The exam objectives include, but are not limited to:
1. Understanding the Terraform workflow and core concepts.
2. Writing and managing Terraform configurations using HCL.
3. Using Terraform commands for initialization, planning, and applying changes.
4. Configuring and using Terraform providers and modules.
5. Applying best practices and security measures when working with Terraform.
Syllabus:
The HashiCorp Certified: Terraform Associate (TA-002-P) certification program typically includes comprehensive training provided by HashiCorp or authorized training partners. The syllabus provides a breakdown of the topics covered throughout the course, including specific learning objectives and milestones. The syllabus may include the following components:
- Introduction to the HashiCorp Certified: Terraform Associate (TA-002-P) exam overview and certification process
- Introduction to Infrastructure as Code and Terraform
- Terraform Configuration Language (HCL)
- Terraform Workflow and Commands
- Terraform Providers and Modules
- Terraform Best Practices and Security
- Exam Preparation and Practice Tests
- Final HashiCorp Certified: Terraform Associate (TA-002-P) Certification Exam
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HashiCorp
TA-002-P
HashiCorp Certified: Terraform Associate
https://killexams.com/pass4sure/exam-detail/TA-002-P Question: 87
One remote backend configuration always maps to a single remote workspace.
A. True
B. False Answer: B
Explanation:
The remote backend can work with either a single remote Terraform Cloud workspace, or with multiple similarly-named remote workspaces (like networking-dev and networking-prod). The workspaces block of the backend configuration determines which
mode it uses: To use a single remote Terraform Cloud workspace, set workspaces.name to the remote workspace’s full name (like networking-prod). To use multiple remote workspaces, set workspaces.prefix to a prefix used in all of the desired remote
workspace names. For example, set prefix = "networking-" to use Terraform cloud workspaces with names like networking-dev and networking-prod. This is helpful when mapping multiple Terraform CLI workspaces used in a single Terraform configuration
to multiple Terraform Cloud workspaces. Question: 88
A provider configuration block is required in every Terraform configuration.
Example:
A. True
B. False Answer: B
Explanation:
Unlike many other objects in the Terraform language, a provider block may be omitted if its contents would otherwise be empty. Terraform assumes an empty default configuration for any provider that is not explicitly configured.
https://www.terraform.io/language/providers/configuration Question: 89
Terraform can run on Windows or Linux, but it requires a Server version of the Windows operating system.
A. True
B. False Answer: B
Explanation:
https://www.terraform.io/downloads Question: 90
Which task does terraform init not perform?
A. Sources all providers present in the configuration and ensures they are downloaded and available locally
B. Connects to the backend
C. Sources any modules and copies the configuration locally
D. Validates all required variables are present Answer: D
Explanation:
Reference: https://www.terraform.io/docs/cli/commands/init.html Question: 91
You have declared an input variable called environment in your parent module.
What must you do to pass the value to a child module in the configuration?
A. Add node_count = var.node_count
B. Declare the variable in a terraform.tfvars file
C. Declare a node_count input variable for child module
D. Nothing, child modules inherit variables of parent module Answer: C
Explanation:
"That module may call other modules and connect them together by passing output values from one to input values of another." https://www.terraform.io/language/modules/develop Question: 92
You run a local-exec provisioner in a null resource called null_resource.run_script and realize that you need to rerun the script.
Which of the following commands would you use first?
A. terraform taint null_resource.run_script
B. terraform apply -target=null_resource.run_script
C. terraform validate null_resource.run_script
D. terraform plan -target=null_resource.run_script Answer: A
Explanation:
https://www.terraform.io/cli/commands/taint Question: 93
What type of block is used to construct a collection of nested configuration blocks?
A. for_each
B. repeated
C. nesting
D. dynamic Answer: D
Explanation:
https://www.terraform.io/language/expressions/dynamic-blocks Question: 94
You have multiple team members collaborating on infrastructure as code (IaC) using Terraform, and want to apply formatting standards for readability.
How can you format Terraform HCL (HashiCorp Configuration Language) code according to standard Terraform style convention?
A. Run the terraform fmt command during the code linting phase of your CI/CD process
B. Designate one person in each team to review and format everyone’s code
C. Manually apply two spaces indentation and align equal sign "=" characters in every Terraform file (*.tf)
D. Write a shell script to transform Terraform files using tools such as AWK, Python, and sed Answer: A
Explanation:
https://www.terraform.io/cli/commands/fmt Question: 95
Terraform providers are always installed from the Internet.
A. True
B. False Answer: B
Explanation:
Terraform configurations must declare which providers they require, so that Terraform can install and use them.
Reference: https://www.terraform.io/docs/language/providers/configuration.html Question: 96
You have declared a variable called var.list which is a list of objects that all have an attribute id.
Which options will produce a list of the IDs? (Choose two.)
A. { for o in var.list: o => o.id }
B. var.list[*].id
C. [ var.list[*].id ]
D. [ for o in var.list: o.id ] Answer: B,D
Explanation:
https://www.terraform.io/language/expressions/splat
A splat expression provides a more concise way to express a common operation that could otherwise be performed with a for expression. Question: 97
You write a new Terraform configuration and immediately run terraform apply in the CLI using the local backend.
Why will the apply fail?
A. Terraform needs you to format your code according to best practices first
B. Terraform needs to install the necessary plugins first
C. The Terraform CLI needs you to log into Terraform cloud first
D. Terraform requires you to manually run terraform plan first Answer: B Question: 98
You have used Terraform to create an ephemeral development environment in the cloud and are now ready to destroy all the infrastructure described by your Terraform configuration. To be safe, you would like to first see all the infrastructure that will be
deleted by Terraform.
Which command should you use to show all of the resources that will be deleted? (Choose two.)
A. Run terraform plan -destroy.
B. This is not possible. You can only show resources that will be created.
C. Run terraform state rm *.
D. Run terraform destroy and it will first output all the resources that will be deleted before prompting for approval. Answer: A,D
Explanation:
Reference: https://www.terraform.io/docs/cli/commands/state/rm.html Question: 99
Which of these is the best practice to protect sensitive values in state files?
A. Blockchain
B. Secure Sockets Layer (SSL)
C. Enhanced remote backends
D. Signed Terraform providers Answer: C
Explanation:
Use of remote backends and especially the availability of Terraform Cloud, there are now a variety of backends that will encrypt state at rest and will not store the state in cleartext on machines running.
Reference: https://www.terraform.io/docs/extend/best-practices/sensitive-state.html Question: 100
How would you reference the "name" value of the second instance of this fictitious resource?
A. element(aws_instance.web, 2)
B. aws_instance.web[1].name
C. aws_instance.web[1]
D. aws_instance.web[2].name
E. aws_instance.web.*.name Answer: B
Explanation:
https://www.terraform.io/language/meta-arguments/count#referring-to-instances
Reference: https://www.terraform.io/docs/configuration-0-11/interpolation.html
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HashiCorp (NASDAQ:HCP) has become an integral part of the every-evolving cloud computing landscape. The company's multi-cloud and open-source automation tools have given it a clear edge in an increasingly competitive market. As cloud computing continues to gain traction in the software world, HashiCorp is uniquely positioned to capitalize on the cloud trend.
While HashiCorp has seen its valuation drop over the past few years, the company has started making steady progress.
Cloud-Agnostic Approach
The cloud industry is an increasingly multipolar industry, with a number of large players like Amazon's (AMZN) AWS, Microsoft's (MSFT) Azure, and Alphabet's (GOOGL) GCP dominating the space. The industry is no longer singularly dominated by AWS, which means that platform adaptability is more important than ever.
HashiCorp's cloud-agnostic and multi-platform approach is perfect for this sort of multipolar environments. The company's popular toolslike Terraform, Nomad, and Vault can seamlessly integrate multiple cloud platforms at once. A single Terraform module, for instance, has the ability to incorporate both AWS and Azure providers. This is something that platform-specific infrastructure-as-code tools like AWS's CloudFormation cannot, or have trouble doing.
HashiCorp's tools allow customers to be more adaptable in the rapidly shifting cloud computing space by helping avoid vendor lock-in. If, for instance, a company that was previously a majority AWS shop decided to switch to Azure for pricing reasons, the company's DevOps team could easily make the switch with HashiCorp tools. However, if the company's DevOps teams were using vendor-specific tools, they would have to learn an entirely new set of tools in order to effectively use Azure's cloud platform.
The cloud computing space continues to grow at a rapid rate, and is no longer dominated by a single player.
Strong Community of Developers
The cloud-agnostic and open-source beginnings of HashiCorp's tools have allowed the company to gain a relatively large community of developers that are constantly looking to improve upon them. While HashiCorp is shifting away from open-source, the company still has a vibrant community of developers that are constantly giving feedback on how to improve their products.
This feedback cycle allows HashiCorp to stay ahead of the curve by continually improving its tools to meet new demands. The multi-cloud nature of HashiCorp tools allows for a larger community as developers utilizing any of the major cloud providers have the ability to use HashiCorp products like Terraform. The continual feedback from its users make it far easier for HashiCorp to iterate on its products.
Financials Remain Robust
HashiCorp's financials are improving at a steady rate. The company reported a Q3 revenue of $146.1 million, which represents a 17% YoY growth rate. The company is also experiencing significantly improved profitability at a non-GAAP net income of $5.6 million during the quarter. The company's robust top-line growth and path towards profitability is a promising sign for investors.
HashiCorp is competing against giants like AWS and Azure, all of whom have their own cloud computing tools. As such, HashiCorp growing profitability showcases the company's ability to thrive in such a competitive market. What's more, HashiCorp's tools continue to gain wide-adoption and have a good chance of becoming the standard devops tools in the cloud industry.
Significant Challenges Remain
As was previously mentioned, it is easy to forget that HashiCorp is competing against cloud computing giants themselves. These company all have their own cloud computing tools that they would like their users to use. In fact, these companies are constantly improving upon and pushing their own tools so that they can build their own walled garden of sorts.
Fortunately for HashiCorp, the cloud computing industry is becoming increasingly fragmented, which means that no matter how good platform-specific tools like CloudFormation become, demand for cloud-agnostic tools will likely always remain higher. Even if many cloud customers are vendor-locked for a specific period of time, they always have the option to change platforms in the future. Furthermore, many customers already use a combination of cloud-computing platforms for their workloads.
Conclusion
HashiCorp's compelling combination of cloud-agnostic tools, a strong developer community, and a customer-focused agenda make it a strong competitor in the fast-growing cloud-computing space. Given how large the cloud-computing space is expected to become and given HashiCorp's increasingly important role in this space, the company still has more room to grow at its current valuation of $4.49B.
Sat, 16 Dec 2023 18:17:00 -0600entext/htmlhttps://seekingalpha.com/article/4658268-hashicorp-well-positioned-booming-cloud-marketHashiCorp: Growth Should Return To Historical Average Eventually
Investment action
I recommended a buy rating for HashiCorp (NASDAQ:HCP) when I wrote about it the last time, as I expected growth to reaccelerate as HCP moves towards FY25, where the economy should start to recover. Importantly, I believed that the long-term secular tailwind for HCP remained strong and that HCP was well positioned to ride on it. Based on my current outlook and analysis of HCP, I recommend a buy rating. My view remains the same for HCP, in that the secular tailwind remains strong and HCP is poised to return to 30+% growth eventually. I don’t think the weak 4Q24 revenue guidance is a good representation of long-term growth potential, as I believe management is being conservative due to the macroeconomic situation.
Review
HCP reported 3Q24 revenue growth of 16.6% to $146.1 million, beating the consensus estimates of $143.2 million. The bulk of HCP’s revenue, subscription revenue, grew 18% to $141.9 million. Better-than-expected top-line growth was accompanied by an expanding margin profile. Wherein, non-GAAP gross margin expanded by 61bps to 85.8%, and non-GAAP operating loss came in at -$10.5 million (-7.2% margin), which was well above management's guidance for -$23 to -$26 million and a -17% operating margin.
The burning question to address is why the HCP share price dropped by 20% post-Q324 results. I believe it was primarily due to the revised FY24 guidance. While FY24 guidance was revised upwards, the 4Q24 revenue growth painted a weak growth outlook for FY25. Specifically, 4Q24 revenue was guided to $149 million, or 10% growth at the midpoint, while FY24 was guided to grow at 21%. Naturally, the bugging question would be, “Is the base growth rate 21% or 10% for FY24?”. I believe this uncertainty has led to many investors pulling their capital out of the stock as they await further validation. Suppose 10% is the base growth rate to think about when modeling HCP FY25 performance. It is likely that consensus will start to revise their estimates downward, impacting valuation. FY24 exit growth rate aside, HCP also reported certain metrics that are quite negative. For instance, pro-forma CRPO is essentially flat sequentially at $420.8 million in 3Q24 vs. $420.3 million in 2Q24, which is a degradation in performance when compared to the 5% sequential growth last year (3Q23 vs. 2Q23). Cloud platform subscription revenue sequential growth also decelerated by 300bps to 8%, reflecting a weaker sales trend for HCP’s cloud-based business. The last nail in the coffin, in my opinion, was management's decision to hold off on making any remarks—directional or otherwise—about FY25 revenue guidance until its Q4 earnings call.
That said, I am willing to play devil’s advocate and believe that the weak 4Q24 guidance is likely due to the current macroeconomic environment, which is still murky in outlook. My take is that management is most probably being conservative in their estimates. Once the macroeconomic environment recovers, which seems like it is stabilizing, growth should bounce back to HCP’s historical 30+% growth rate. Even though the macro environment will probably slow growth in FY24, new customers are paving the way for reacceleration in the future as HCP executes its land and expand strategy. Indeed, overall customer additions increased from 64 in 2Q24 to 137 in 3Q24, with a particularly noteworthy improvement in HCP additions of customers with more than $100,000 in ARR, which increased from 21 in 2Q24 to 26 in 3Q24. If we layer these datapoints with management commentary that they are seeing higher deal volumes offset by smaller land and expand activity, it suggests that there is still a long runway for growth as HCP “expands” in these newly acquired customers.
Deal volumes, as Navam indicated, are as high as ever. Our win rates are as consistent as ever and we're not seeing any changes to the discounting behavior in our field. We're just seeing smaller land and expand activity from our customers. 3Q24 call
I would also emphasize that the growth runway (customer additions) is still incredibly long for HCP. There are multiple tailwinds at play here. Firstly, my view is that more and more companies are going to adopt multi-cloud infrastructures, and this should drive demand for HCP products. Secondly, as the penetration of object storage services [OSS] increases, it bodes well for HCP as it will make HCP stickier, putting it in a better position to raise prices.
The Accenture folks, the GSIs is a good proxy, they have a very focused hybrid cloud and automation practice that, again, continues to think HashiCorp. Because the OSS is everywhere, they will build a practice around our technology, which will help us with large customers. HCP Financial Analyst Day
Thirdly, I believe HCP can continue to churn out new solutions to make the lives of developers and coders easier. This goes back to the roots of HCP, which is a developer-centric company with deep knowledge of the user community. Given the growing influence of developers in corporate strategy and operations, I see this as a significant advantage. As HCP occupies more and more mind share among developers, they will be one of the few vendors of choice when businesses need to deploy any related solutions. Take, for instance, the new product, Boundary (HCP’s Privilege Access Management), which is already gaining recognition and is adding new revenue streams to HCP’s platform. Furthermore, the more HCP products businesses use, the sticker HCP becomes as it is more tightly integrated with the business workflow processes. In short, HCP becomes even more mission-critical.
Valuation
The management reiteration of FY24 guidance pretty much solidified my view that HCP will grow revenue by a low-20% percentage in FY24. However, I revised my FY25 growth to 15% (half of the 30% historical growth rate) to reflect the macroeconomic uncertainty (management-guided 4Q24 exit growth rate of 10%). My view of growth recovering to 30% remains the same for FY26, as I believe the strong secular tailwind will continue to drive growth once the economy recovers. A slight adjustment to my model is that HCP should trade at 7.3x forward revenue. With 3Q results out, the market has adjusted infrastructure peer valuations upwards to a median of 7.3x. Comparing HCP's operating metrics to peers’ medians (revenue growth, gross margin profile), I believe HCP should continue to trade at the same multiple.
Risk and final thoughts
LTM net dollar retention rate came in at 119%, which is a 500bps deceleration from the 124% we saw in 2Q24 and 134% last year. While I mentioned that this is likely due to the weaker “expand” motion, it could be an emerging red flag of customers churning for unknown reasons. If this metric continues to decline, it would impact growth as it suggests HCP is not able to upsell or cross-sell or that more and more customers are churning. My concluding thoughts are that HCP remains a buy despite the recent market reaction to the weak 4Q24 guidance. Despite concerns regarding the deceleration in certain metrics, I maintain a positive outlook on the long-term growth runway, driven by multi-cloud infrastructure adoption, increased OSS penetration, and continuous innovation for developers.
Wed, 27 Dec 2023 20:28:00 -0600entext/htmlhttps://seekingalpha.com/article/4660077-hashicorp-growth-should-return-to-historical-average-eventuallyWhy HashiCorp Stock Dropped Today
Shares of HashiCorp(HCP-1.18%) fell 16.4% on Friday despite stronger-than-expected quarterly results from the cloud infrastructure software company. The market appears to be concerned with declining revenue retention trends from HashiCorp's existing customers.
On the former, HashiCorp's fiscal third-quarter (ended Oct. 31, 2023) revenue grew 17% year over year to $146.1 million, translating to adjusted (non-GAAP) net income of $5.6 million, or $0.03 per share (swinging from a $0.13 per-share loss in the same year-ago period). This was also HashiCorp's first-ever quarter with positive adjusted earnings. Analysts, on average, were expecting a per-share loss of $0.04 on revenue of $143 million.
Why HashiCorp's strong quarter just wasn't enough
HashiCorp CEO Dave McJannet called it a "solid" quarter in spite of continued macroeconomic headwinds.
Indeed, HashiCorp saw healthy 19.4% year-over-year growth in its number of customers, to 4,354. The number of customers generating at least $100,000 in annual recurring revenue (ARR) increased 15.4% to 877 and represented 89% of total revenue during the quarter. HashiCorp also saw adjusted free cash flow swing to positive $5.7 million, or 4% of revenue, after incurring negative free cash flow of $17.9 million in last year's third quarter.
At the same time, however, HashiCorp also revealed its trailing-12-month average net dollar retention rate contracted to 119% at the end of the quarter, down from 124% last quarter and 134% a year ago. While this indicates existing customers have spent an average of 19% more on HashiCorp's platform after their first year as clients, investors are concerned that the metric has steadily drifted lower over the past year.
"It's no secret that market conditions remain difficult," McJannet added during the subsequent earnings conference call with analysts. "We're just seeing smaller land-and-expand activity from our customers."
Company fourth-quarter forecast in line with analyst estimates
In the meantime, HashiCorp told investors to expect fiscal fourth-quarter revenue in the range of $148 million to $150 million, with adjusted earnings ranging from breakeven to $0.02 per share. Those ranges compare well to consensus estimates, which called for a loss of $0.01 per share on revenue of $149 million.
With looming concerns over the decelerating near-term growth, however, it's hardly surprising to see HashiCorp stock pulling back today.
Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Fri, 08 Dec 2023 04:20:00 -0600Steve Symingtonentext/htmlhttps://www.fool.com/investing/2023/12/08/why-hashicorp-stock-dropped-today/HashiCorp loses its Hashi, keeps the Corp as co-founder waves goodbyeNo result found, try new keyword!HashiCorp was founded in 2012 by Hashimoto and Armon Dadgar, currently CTO. The present CEO is Dave McJannet, who joined the company in 2016 after stints at Hortonworks, VMware, and Microsoft.Thu, 14 Dec 2023 10:00:00 -0600en-ustext/htmlhttps://www.msn.com/HashiCorp beats expectations but cautious guidance sends its stock way down
Cloud infrastructure automation company HashiCorp Inc. delivered strong third-quarter financial results today that topped analysts’ expectations, with its revenue up more than 16%.
But its stock plunged more than 20% after-hours on the back of somewhat disappointing guidance, which was only in line with Wall Street’s estimates.
The company reported earnings before certain costs such as stock compensation of three cents per share, beating the Street’s estimate of a four-cent-per-share loss. Revenue came to $146.1 million, ahead of the $143.3 million forecast. But despite beating expectations, the company remains unprofitable, racking up a net loss of $39.5 million for the quarter, though down from a $72 million net loss one year earlier.
Looking to the fourth quarter, HashiCorp said it sees revenue of between $148 million and $150 million, the midpoint of which is squarely in line with the Street’s forecast of $149 million. The company also forecast earnings of between break-even and two cents per share, ahead of the Street’s view of a penny-per-share loss.
HashiCorp has been growing fast for a number of years thanks to the rise of the software and applications that operate as the beating heart of every enterprise today. Building software is complex and time-consuming, meaning there’s a big opportunity for anyone who can make that task easier.
The company sells automation software for enterprise technology infrastructure. Its main product is Terraform, which enables “infrastructure as code,” where system administrators write scripts to automate the configuration of cloud and on-premises systems. Terraform makes life much simpler than the old way of doing things, which involved navigating various consoles to configure systems manually. It eliminates the need to configure and adjust hundreds of settings, helping administrators save hours of work.
HashiCorp Chief Executive Dave McJannet (pictured) said in a statement he was pleased with the company’s results, saying they demonstrate “consistent execution” despite the ongoing macroeconomic challenges it faces.
Investors are no doubt concerned, however, by the company’s slowing revenue growth. Until recently, HashiCorp had regularly delivered growth of more than 20%, but it isn’t doing so now. One reason for that might be that it’s struggling to squeeze as much money from its customers as it was doing in the past. It reported a net revenue retention rate of 119% in the quarter, down from 124% in the prior quarter. NRR is a metric that measures how much the company’s revenue from its existing customer base grows.
The company is at least adding new customers. It ended the quarter with 4,354 total customers, up from 3,648 one year earlier. Of those, 877 generate more than $100,000 in annual recurring revenue, up from 760 a year ago.
Overall, HashiCorp enjoyed a very good quarter, with its revenue growing thanks to the enterprise push to become more software-driven, said Constellation Research Inc. analyst Holger Mueller. “HashiCorp made good progress on its path to profitability during the quarter, practically halving its net loss,” the analyst said. “It’s also encouraging to see the rising adoption of AI in the company’s portfolio, as generative AI has the potential to be both an enabler and a disruptor. The fourth quarter should see HashiCorp achieve a new miletone, breaking the half-a-billion annual revenue barrier for the first time.”
During the quarter, HashiCorp announced its intentions to acquire a company called BluBracket Inc., which develops software that can identify and fix insecure code before it’s launched. The software is said to be especially good at catching so-called hardcoded secrets, which include any passwords that an application may store, encryption keys and the authentication tokens that workloads use to verify one another’s security before exchanging data.
HashiCorp said the plan is to integrate BluBracket’s software with its open-source secret management offering, called Vault. Once that’s done, Vault will be capable of not only storing secrets but also ensuring that they’re not accidentally hardcoded into the software that uses them.
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Thu, 07 Dec 2023 10:10:00 -0600en-UStext/htmlhttps://siliconangle.com/2023/12/07/hashicorp-beats-streets-expectations-cautious-guidance-sends-stock-way-hours/Recap: HashiCorp Q3 Earnings
HashiCorpHCP reported its Q3 earnings results on Thursday, December 7, 2023 at 04:02 PM.
Here's what investors need to know about the announcement.
Earnings
HashiCorp beat estimated earnings by 175.0%, reporting an EPS of $0.03 versus an estimate of $-0.04.
Revenue was up $20.78 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 5.18% drop in the share price the next day.
Thu, 07 Dec 2023 02:15:00 -0600entext/htmlhttps://www.benzinga.com/news/earnings/23/12/36143236/recap-hashicorp-q3-earningsHashiCorp Q3 2024 Earnings PreviewNo result found, try new keyword!HashiCorp (NASDAQ:HCP) is scheduled to announce Q3 earnings results on Thursday, December 7th, after market close. The consensus EPS Estimate is -$0.04 (+69.2% Y/Y) and the consensus Revenue ...Wed, 06 Dec 2023 08:44:00 -0600en-ustext/htmlhttps://www.msn.com/HashiCorp Terraform Cloud Operator for Kubernetes Improves Scalability and Performance
HashiCorp has released v2 of their Terraform Cloud Operator for Kubernetes. The Operator enables managing Terraform Cloud workspaces through a single Kubernetes custom resource. The release adds support for multiple customer resources, setting the watch scope to specific namespaces, improved synchronization, and newly exposed metrics.
With the Terraform Cloud Operator for Kubernetes, it is possible to provision infrastructure, both internal and external to Kubernetes, directly from the Kubernetes control plane. As noted byJohn Houston, senior software engineer at HashiCorp, and Vishnu Ravindra, product manager at HashiCorp, "[p]latform teams can now provide application developers with Kubernetes-native workflows, while ensuring the use of approved Terraform modules."
Terraform Cloud Operator for Kubernetes high-level architecture (credit: HashiCorp)
With the version 2 release, there are now multiple custom resources, each with its own separate controllers for different Terraform Cloud resources. It is now possible to modify the number of worker threads assigned to each controller. By default, each controller has one worker, but more can be added to increase the number of custom resources the controller can handle concurrently.
When run, the token-red agent token is stored in the my-agent-pool-token-red Kubernetes secret. The autoscaling portion enables the operator to ensure at least one agent pod is running with a maximum of 3 based on resource needs. This assessment is done by monitoring the load of the workspaces listed under targetWorkspaces.
The Operator now manages a Terraform Cloud client for each Custom Resource. With this improvement, a single Operator deployment can be used across multiple Terraform Cloud organizations.
The release also exposes standard Prometheus format metrics for each controller available at the standard /metrics path over HTTPS port 8443. The Operator exports all metrics provided by the controller-runtime. A full list of exposed metrics can be found within the Kubebuilder documentation.
The release also adds a new --namespace option to focus the Operator's watch scope to specific namespaces. The new --sync-period option improves the synchronization between custom resources and Terraform Cloud.
The Terraform Cloud Operator for Kubernetes is available for users of Terraform Cloud. There is a migration guide available for users moving from version 1 to version 2. More details can be found in the release blog post or within the Terraform discussion forums. The Terraform Cloud Operator for Kubernetes is available on GitHub.
Mon, 11 Dec 2023 10:00:00 -0600entext/htmlhttps://www.infoq.com/news/2023/12/hashicorp-terraform-kubernetes/