SentinelOne Q1 2024 Earnings Report
Key Takeaways
SentinelOne reported a strong first quarter in fiscal year 2024, with revenue increasing by 70% year-over-year to $133.4 million and ARR growing by 75% to $563.6 million. The company also demonstrated improved operating margins, driven by key strengths across the business and innovation in AI.
Total revenue increased by 70% to $133.4 million compared to the previous year.
Annualized recurring revenue (ARR) grew by 75% to $563.6 million.
Total customer count increased by approximately 43% to over 10,680.
GAAP operating margin improved to (86)% compared to (115)%.
SentinelOne
SentinelOne
Forward Guidance
For the second quarter of fiscal year 2024, SentinelOne expects revenue of $141 million, a non-GAAP gross margin of 74.5%, and a non-GAAP operating margin of (36)%. For the full fiscal year 2024, the company anticipates revenue between $590 million and $600 million, a non-GAAP gross margin between 74% and 75%, and a non-GAAP operating margin between (29)% and (25)%.