Rapid7, Inc. (NASDAQ: RPD) reported Q1 EPS of $0.02, $0.10 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $73.2 million versus the consensus estimate of $69.85 million.

“Rapid7 had a strong start to 2019. Our results were driven by consistent performance across our product lines and we are seeing robust performance in our broader SecOps portfolio. Security professionals are hyper focused on tools that will not only help manage risks but also make them more productive. Rapid7 has built the Insight platform with this exact concern in mind and our focus on delivering improved outcomes to customers is what truly differentiates our strategy.” said Corey Thomas, Chairman and CEO of Rapid7.

“Rapid7 has been successfully transformed to a high growth, multi-product, cloud software company, on a path to higher long-term profitability. Based on the strength of our business so far this year, we are raising our full-year 2019 revenue guidance and are maintaining our guidance for non-GAAP income from operations of breakeven as we see opportunities to invest in our business to drive long-term growth and sustainable profitability.”

GUIDANCE:

Rapid7, Inc. sees Q2 2019 EPS of ($0.08)-($0.06), versus the consensus of ($0.01). Rapid7, Inc. sees Q2 2019 revenue of $74.3-75.9 million, versus the consensus of $73.7 million.

Rapid7, Inc. sees FY2019 EPS of $0.05, versus the consensus of $0.05. Rapid7, Inc. sees FY2019 revenue of $312-318 million, versus the consensus of $308.6 million.

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