Published on 31 May 2024 on Zacks via Yahoo Finance
SentinelOne (S) Q1 Earnings Beat Estimates, Revenues Up Y/Y
SentinelOne S reported break-even earnings per share in first-quarter fiscal 2025, beating the Zacks Consensus Estimate by 100%. The company reported a loss of 15 cents in the year-ago quarter.Revenues amounted to $186.4 million, up 40% year over year and beating the consensus mark by 3%. The upside can be attributed to the continued adoption of its AI-powered security solutions.
Top-Line Details
At the end of first-quarter fiscal 2025, SentinelOne’s annualized recurring revenues (ARR) increased 35% year over year to $762 million. The upside was driven by a mix of new customer acquisitions and expansion within existing customer accounts.SentinelOne experienced strong momentum among large enterprises, with customers generating Annual Recurring Revenue (ARR) of more than $100K rose 30% year over year to 1,193.