Rapid7, Inc. (RPD) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus, Affirms 2Q & FY21 EPs Views

Rapid7, Inc. (NASDAQ: RPD) reported Q1 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $117.5 million versus the consensus estimate of $114.3 million.

• Annualized recurring revenue (ARR) of $455.8 million, an increase of 30% year-over-year
• Revenue of $117.5 million, up 24% year-over-year; Products revenue of $109.3 million, up 25% year-over-year
• Total customer growth of 11% year-over-year
• Total ARR per customer growth of 17% year-over-year

"Rapid7 delivered a strong start to 2021 as we accelerated year-over-year ARR growth to 30% while demonstrating strong free cash flow dynamics in our business. These results are a great validation of the vision we laid out at our recent Investor Day as we work to deliver industry-leading capabilities coupled with our unique focus on world-class accessibility," said Corey Thomas, Chairman and CEO of Rapid7.

"Looking ahead we remain focused on executing against our goal of delivering best-in-class security that meets customers where they are in their SecOps journey to help them close their security achievement gap."

GUIDANCE:

Rapid7, Inc. sees Q2 2021 EPS of $0.02-$0.03, versus the consensus of $0.00. Rapid7, Inc. sees Q2 2021 revenue of $121.7-123.3 million, versus the consensus of $119.1 million.

Rapid7, Inc. sees FY2021 EPS of ($0.03)-$0.04, versus the consensus of $0.02. Rapid7, Inc. sees FY2021 revenue of $500-506 million, versus the consensus of $493.43 million.

For earnings history and earnings-related data on Rapid7, Inc. (RPD) click here.

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