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Jun 30, 2021
Tenable Q2 2021 Earnings Report
Tenable's financial performance in Q2 2021 showed revenue growth and customer acquisition, with strategic investments positioning the company for future success.
Key Takeaways
Tenable reported a 22% year-over-year increase in revenue, reaching $130.3 million, and added 399 new enterprise platform customers. The company's calculated current billings grew by 23% year-over-year. Strategic acquisitions and credit facility arrangements are expected to support continued growth.
Revenue increased by 22% year-over-year, reaching $130.3 million.
Calculated current billings grew by 23% year-over-year, totaling $136.8 million.
Added 399 new enterprise platform customers and 67 net new six-figure customers.
Closed a new credit facility and completed the acquisition of Alsid SAS.
Tenable
Tenable
Tenable Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comPerpetual License & Maintenance Revenue
CapyFin.comProfessional Services & Other Revenue
CapyFin.com Forward Guidance
For the third quarter of 2021, Tenable expects revenue in the range of $133.0 million to $135.0 million and non-GAAP income from operations in the range of $7.0 million to $8.0 million.
Positive Outlook
- Revenue in the range of $133.0 million to $135.0 million.
- Non-GAAP income from operations in the range of $7.0 million to $8.0 million.
- Non-GAAP net income in the range of $1.0 million to $3.0 million.
- Non-GAAP diluted earnings per share in the range of $0.01 to $0.03.
- 115.0 million diluted weighted average shares outstanding.
Revenue & Expenses
Visualization of income flow from segment revenue to net income