Summary by Moomoo AI
SentinelOne, a cybersecurity firm, reported a 33% year-over-year revenue increase for the quarter ended July 31, 2024, reaching $198.9 million, up from $149.4 million in the same period last year. The company's revenue for the six months ended July 31, 2024, also saw a 36% increase to $385.3 million from $282.8 million in the previous year. Despite the revenue growth, SentinelOne experienced a net loss of $69.2 million for the quarter, which is an improvement from the $89.5 million loss in the prior year. For the six-month period, the net loss was $139.3 million, down from $196.4 million year-over-year. The company attributes its revenue growth to new customer acquisitions and expanded usage among existing customers. SentinelOne's Annualized Recurring Revenue (ARR) grew by 32% to $806.0 million as of July...Show More
