Rapid7, Inc. (NASDAQ: RPD) reported Q3 EPS of ($0.04), $0.09 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $62.4 million versus the consensus estimate of $59.45 million.

“Rapid7 had a great third quarter reflecting strong performance across the board” said Corey Thomas, President and CEO of Rapid7. “As security teams with limited resources try to manage increasing workloads driven by a more complex ecosystem, and a rising threat environment, our customers are seeking solutions to help them streamline their processes, reduce risk and quickly respond to issues. With the launch of InsightConnect and the acquisition of tCell, we are executing on our vision to expand our best-of-breed platform, which helps customers not only identify security problems but also resolve them more efficiently.”

“For the fifth quarter in a row, our ARR growth accelerated, reaching 46%, driven by strong new customer growth, lower churn and the success of our platform strategy. We are exceeding our growth goals while demonstrating greater operating leverage.”

GUIDANCE:

Rapid7, Inc. sees FY2018 EPS of ($0.46)-($0.43), versus the consensus of ($0.50). Rapid7, Inc. sees FY2018 revenue of $241.1-242.5 million, versus the consensus of $238.93 million.

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