Netskope Q2 ARR Up 27% to $899M, AI Security Drives Growth

Earnings
โดย GuruFocus·US·Read original
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Netskope Inc reported fiscal second-quarter results with annual recurring revenue rising 27% year-over-year to $899 million, while total revenue grew 29% to $220.5 million, exceeding guidance. The company added $54 million in net new ARR, up 9% year-over-year, and its net revenue retention rate improved to 114%. Gross margin expanded to 77%, and operating margin improved by 11 percentage points to negative 9%, though the company still posted a net loss of $0.03 per share and negative free cash flow of $29.8 million. Netskope reduced its workforce by approximately 5% as part of a shift toward AI-native operations, and it is transitioning customers to annual billings, which temporarily deferred cash collections. The company highlighted strong early traction in its AI security suite, with about one-third of its AI security pipeline already in or entering proof-of-concept phase, and it launched new products including the AI Command Center and DataSet Command Center.

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