SentinelOne Announces Fourth Quarter and Fiscal Year 2022 Financial Results
03/15/2022
This present Q4 Revenue increased 120% year-over-year
In Q3 Revenue increased 128% YoY
In Q2 Revenue increased 121% YoY
So, the Revenue increase is consistent with the past couple of quarters as was the
Annualized recurring revenue.
This Q4 Annualized recurring revenue (ARR) up 123% year-over-year
In Q3 Annualized recurring revenue (ARR) was up 131% YoY
In Q2 Annualized recurring revenue (ARR) up 127% year-over-year
“We delivered ARR growth in the triple digits for a fourth consecutive quarter. Our extraordinary performance was driven by the strength of our XDR platform coupled with relentless focus on innovation and execution,”
said Tomer Weingarten, CEO of SentinelOne.
“With our planned acquisition of Attivo Networks, we’re excited to add leading identity threat detection and response to our Zero Trust capabilities.”
“We once again delivered significant top line growth and margin improvement. Our fourth quarter ARR increased 123% year-over-year to $292 million, driven by strength from large enterprises, both new and existing,”
said Dave Bernhardt, CFO of SentinelOne.
“We’ve paired phenomenal growth with double digit gross and operating margin expansion compared to last year, highlighting the efficiency and scalability of our model.”
Fourth Quarter Fiscal 2022 Highlights
Total revenue was $65.6 million in the fourth quarter of fiscal year 2022, a 120% increase compared to $29.9 million for the same period of fiscal year 2021.
Total customer count grew more than 70% year-over-year to over 6,700 customers as of January 31, 2022. Customers with ARR over $100K grew 137% year-over-year to 520 as of January 31, 2022. Dollar-based net revenue retention rate was 129% as of January 31, 2022.
Outlook
Revenue Guidance is for $74-75 million in Q1 FY23
and revenue Guidance of $366-370 million for Full Year FY23
https://investors.sentinelone.com/press-releases/news-detail…
Shareholder letter:
https://s28.q4cdn.com/399982429/files/doc_financials/2022/q4…
SentinelOne Q4 2022 Earnings Conference Call
Today at 5pm
https://event.on24.com/wcc/r/3578547/465524F49A79F005C7C9338…
Best, kevin c
long of S
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