Summary by Moomoo AI
SentinelOne, a cybersecurity firm, reported a 40% year-over-year revenue increase for the quarter ended April 30, 2024, with figures rising from $133.4 million in 2023 to $186.4 million in 2024. The company's net loss improved, decreasing from $106.9 million in the same quarter of the previous year to $70.1 million. Non-GAAP operating loss also saw a significant reduction from $50.8 million in 2023 to $11.1 million in 2024. SentinelOne attributes its revenue growth to a combination of new customer acquisitions and expanded sales to existing customers. The company's Annualized Recurring Revenue (ARR) grew by 35% to $762.2 million, and the number of customers with ARR of $100,000 or more increased by 30% to 1,193. SentinelOne's global reach is evident with 37% of its revenue coming from outside the U.S. The company continues...Show More