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Oct 31, 2023
SentinelOne Q3 2024 Earnings Report
SentinelOne's Q3 2024 performance exceeded expectations, delivering industry-leading growth and margin improvement.
Key Takeaways
SentinelOne's Q3 2024 saw a 42% increase in total revenue year-over-year, reaching $164.2 million. ARR also increased by 43% to $663.9 million. The company raised its top and bottom line expectations for fiscal year 2024.
Total revenue increased 42% year-over-year to $164.2 million.
Annualized recurring revenue (ARR) increased 43% year-over-year to $663.9 million.
GAAP gross margin was 73%, compared to 64% in the same quarter last year.
Total customer count grew to over 11,500, with customers having ARR of $100,000 or more growing by 33% to 1,060.
Forward Guidance
The company is providing revenue guidance of $169 million for the fourth quarter of fiscal year 2024 and $616 million for the full fiscal year 2024. Non-GAAP gross margin is expected to be 77.5% for Q4 and 77% for the full year. Non-GAAP operating margin is forecasted at (14)% for Q4 and (20)% for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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