MarketPR
A 45% surge in remaining performance obligations to $1.7 billion put SentinelOne (NYSE: S) in focus after fiscal second-quarter results, even as shares retreated on the session despite clearing both the revenue consensus and the company's own forecast range.
The company raised its full-year outlook and carries $813 million in cash against no debt. The next concrete reference point is fiscal third-quarter revenue, which the company has guided to $309 million to $311 million.
The fiscal Q2 print Revenue for the quarter reached $292 million, a 21% year-over-year gain that topped the $290.3 million consensus and cleared the company's prior $289 million to $291 million guidance range.
Adjusted EPS doubled to $0.08, landing at the high end of its $0.06 to $0.08 forecast. Annual recurring revenue grew 23% to $1.16 billion. Net new ARR for the quarter came in at $56 million, up 4%.
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