Reported 2 days ago
SentinelOne reported impressive earnings with a 24% year-over-year growth in annual recurring revenue, exceeding $1 billion for the first time. The rise in demand for cybersecurity solutions is attributed to the increasing threats posed by AI, prompting the company to raise its revenue guidance. Analysts have noted that the company's strong performance is due to improved execution and an expanding product portfolio, which includes the upcoming acquisition of Prompt Security to enhance defenses against AI-related risks.
Source: YAHOO