This post was originally published on this site
Revenue grew 42% year-over-year to $164.2 million, beating the consensus estimate of $156.09M. Annualized recurring revenue (ARR) grew 43% year-over-year to $663.9M. Meanwhile, customers with an ARR of $100,000 or more grew 33% to 1,060.
“We delivered strong top-line growth and substantial margin expansion, showcasing the scale and breadth of our Singularity platform. Our gross margin reached a new record, and we achieved our ninth consecutive quarter of over 25 percentage points of year-over-year operating margin improvement,” said CFO Dave Bernhardt.
For Q4/24, the company expects revenue of $169M, above the consensus estimate of $166.5M. For the full year, revenue is seen at $616M, beating the consensus estimate of $605.66M.
