Sentinel One first Q: revenue jumped 109% to $ 78.3 million, above analysts' forecasts
Posted on Jun 1, 2022 by Ifi Reporter
Sentinel One, which deals with cyber, reports the results of the first quarter of 2022. The company's revenue jumped 109% to $ 78.3 million, above analysts' forecasts for revenue of $ 74.66 million. The company's ARR grew 110% to $ 339 million in the 12 months ended March. The number of customers increased by 55% to 7450.
Gross profitability reached 65% compared to 51%. Non-GAAP gross profit was 68% compared to 53% in the same quarter last year. The bottom line is that the company reports a net loss of $ 0.33 per share compared to analysts' expected net loss of $ 0.24 per share.
Compared to the next quarter, the company expects revenue of $ 95 to $ 96 million with a gross profit margin of 68% to 69% and an operating loss of 73% to 75%. For the full year, the company expects revenue of $ 403 to $ 407 million with a gross margin of 69% to 70% and an operating loss of 55% to 60%.
Sentinel One CEO Tomer Weingarten said after the reports: “The first quarter results show a combination of a strong demand environment for our leading cyber platform and impressive performance. We are again showing triple-digit growth with an increase in profitability, in addition to a record number of new customers. "
Articles Archive
Top Categories
ABOUT IFI TODAY
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum