This post was originally published on this site
SentinelOne (NYSE:S) shares fell more than 3% after-hours despite the company reporting better-than-expected Q4 results, with EPS of ($0.13), compared to the consensus estimate of ($0.16).
Revenue grew 92% year-over-year to $126.1 million, beating the consensus estimate of $124.69M. Annualized recurring revenue (ARR) grew 88% to $548.7M as of January 31, 2023.
“Our fourth quarter results exceeded expectations across all key metrics, indicating strength of our competitive position and unit economics. Evident in our fiscal year 2024 outlook, we expect to deliver compelling top line growth with consistent margin improvement,” said Dave Bernhardt, CFO of SentinelOne.
The company expects Q1/24 revenue of $137M, compared to the consensus estimate of $136.85M. Non-GAAP gross margin is seen at 73.5%.
For the full year, the company expects revenue in the range of $631-640M, missing the consensus estimate of $648.66M. Non-GAAP gross margin is expected in the range of 73.5-74.5%.
