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

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 to invest in its AI-powered extended detection and response (XDR) platform, Singularity, and has expanded its capabilities to include unmanaged IoT devices. SentinelOne's future plans include monitoring global macroeconomic conditions and potentially taking financial or operational actions in response to these conditions. The company's liquidity remains strong with $1.1 billion in cash, cash equivalents, and investments as of April 30, 2024.