TechMeme June 17, 2026
Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins (Jordan Novet/CNBC)
Databricks' annualized revenue rose over 80% to $6.9B. CEO Ali Ghodsi cites higher AI agent usage for increasing costs and lower margins. Revenue was $5.4B in Q4.