On August 27, 2024, SentinelOne, Inc., a cybersecurity firm based in Mountain View, California, reported its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. The company announced a 33% year-over-year increase in total revenue, reaching $198.9 million, and a 32% increase in annualized recurring revenue (ARR) to $806.0 million. SentinelOne also reported a significant growth in customers with ARR of $100,000 or more, up 24% to 1,233. Notably, the company achieved its first-ever quarter of positive net income and earnings per share. The CEO, Tomer Weingarten, attributed the strong performance to the demand for SentinelOne's AI-powered Singularity Platform and the company's commitment to an open ecosystem platform and customer trust. CFO Dave Bernhardt highlighted the company's record...Show More

On August 27, 2024, SentinelOne, Inc., a cybersecurity firm based in Mountain View, California, reported its financial results for the second quarter of fiscal year 2025, which ended on July 31, 2024. The company announced a 33% year-over-year increase in total revenue, reaching $198.9 million, and a 32% increase in annualized recurring revenue (ARR) to $806.0 million. SentinelOne also reported a significant growth in customers with ARR of $100,000 or more, up 24% to 1,233. Notably, the company achieved its first-ever quarter of positive net income and earnings per share. The CEO, Tomer Weingarten, attributed the strong performance to the demand for SentinelOne's AI-powered Singularity Platform and the company's commitment to an open ecosystem platform and customer trust. CFO Dave Bernhardt highlighted the company's record margins and profitability, marking the 12th consecutive quarter of double-digit operating margin improvement. In light of the strong execution and business momentum, SentinelOne raised its revenue outlook for fiscal year 2025. The company also announced that it would hold a webcast to discuss the financial results and has published a letter to shareholders on its website. The financial outlook for the third quarter and full fiscal year 2025 includes expected revenue of $209.5 million for Q3 and $815 million for the full year, with non-GAAP gross margin at 79% and non-GAAP operating margin between (3)% and (5)-(3)%. The forward-looking statements in the announcement are subject to various risks and uncertainties that could cause actual results to differ materially.