We were very active in Q2 on the partnership front. Kevin is our first CMO at Backblaze and we are pleased to welcome him to lead our marketing efforts and drive further growth for our company. Kevin Gavin is a versatile marketing executive and strategy focused leader who brings more than 30 years of industry experience to Backblaze, having led marketing teams as CMO at five companies including public companies, Five9 and Shoretel. In July, we hired a well-regarded and experienced Chief Marketing Officer. Turning to key developments in sales and marketing. A win that came through the efforts of our sales assisted team. We also added a customer who signed the largest purchase ever B2 in our company's history for approximately $1 million. Overall the amount of data added by Backblaze B2 customers was greater in Q2 than for any other quarter in the history of the company. The second quarter was an exciting one for B2 Cloud Storage. While the Computer Backup business remains the larger of our two Cloud service offerings at the moment, our strategy and increasing investments center around capitalizing on the approximately $100 billion total combined 2025 addressable markets for B2 Cloud Storage based on projections from IDC and company analysis. And second, our computer backup service provides unlimited cloud backup for laptops and desktops for companies and individuals. First, our B2 cloud storage service provides developers and IT personnel, cloud storage that is dramatically easier to use and is one-fifth the price of Amazon Web Services S3 and others. We have two Cloud service offerings that operate on our storage cloud platform. And our mission is to make it astonishingly easy to store, use and protect data. As a reminder for those on the call that may be newer to the story, Backblaze is the leading independent cloud for data storage. Our B2 Cloud storage business grew a strong 45% and now makes up 37% of total revenue and our Computer Backup business grew a healthy 20%.ĪRR for the company reached approximately $83 million with B2 contributing over $31 million and Computer Backup over $51 million. We delivered a strong second quarter with 28% year-on-year revenue growth, which is an acceleration from both Q1 2022 and Q2 of last year. I would now like to turn the call over to Gleb. Before I turn the call over to Gleb, I'd also like to mention that in the latter portion of our call, as in prior calls, we will be addressing questions from investors that we gathered through the Say Technologies Platform. You can also find a slide presentation related to our comments in the webcast, which will also be posted to our Investor Relations page after the call. A reconciliation of GAAP to non-GAAP results may be found in our earnings release, which was furnished with our Form 8-K filed today with the SEC.
These non-GAAP measures should be considered in addition to and not as a substitute for our GAAP results. Our discussion today will include non-GAAP financial measures.
#Backblaze earnings update#
All forward-looking statements that we make on this call are based on assumptions and beliefs as of today and we undertake no obligation to update them except as required by law. You should not rely on our forward-looking statements as predictions of future events. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including those described in our risk factors that are included in our Form 10-Q for the quarter ended Jand our other financial filings. Statements on this call include forward-looking statements about our future financial results, use of our IPO proceeds, results from new products, partner announcements in sales and marketing initiatives, our ability to compete effectively acquiring new customers and retain and expand our business with existing customers, hire and retain key personnel and effectively manage our growth. Today Backblaze will discuss the financial results that were distributed earlier this afternoon. On the call with me today are Gleb Budman, Co-Founder, CEO and Chairperson of the Board and Frank Patchel, Chief Financial Officer. Good afternoon and welcome to Backblaze's second quarter of fiscal year 2022 earnings call. James Kisner, Vice President of Investor Relations. I would now like to turn the conference over to Mr. Please note this event is being recorded. After today's presentation, there will be an opportunity to ask questions. All participants will be in a listen-only mode. Good day and welcome to the Backblaze Second Quarter 2022 Earnings Call. Gleb Budman - Co-Founder, CEO and Chairperson ( NASDAQ: BLZE) Q2 2022 Earnings Conference Call Aug4:30 PM ET
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