Published on 1 May 2024 on GuruFocus.com via Yahoo Finance
Tenable Holdings Inc (TENB) Surpasses Revenue Estimates in Q1 2024, Showcases Robust Growth
Revenue: Reported $216.0 million, up 14% year-over-year, surpassing estimates of $213.57 million.Net Income: Non-GAAP net income reached $30.4 million, significantly exceeding the estimated $21.56 million.Earnings Per Share: Non-GAAP diluted EPS was $0.25, surpassing the estimated $0.18.Operating Margin: Non-GAAP operating margin improved to 17%, demonstrating strong operational efficiency.Free Cash Flow: Unlevered free cash flow was $54.7 million, indicating robust cash generation capabilities.Customer Growth: Added 410 new enterprise platform customers, highlighting expanding market penetration.Stock Repurchase: Repurchased 0.5 million shares for $25.0 million, reflecting confidence in the company's financial health and future prospects.
Warning! GuruFocus has detected 4 Warning Signs with TENB.
