Rapid7, Inc. (RPD) Tops Q2 EPS by 6c, Revenues Beat

Rapid7, Inc. (NASDAQ: RPD) reported Q2 EPS of $0.05, $0.06 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $98.91 million versus the consensus estimate of $95.08 million.

• Annualized recurring revenue (ARR) of $379.9 million, an increase of 31% year-over-year
• Revenue of $98.9 million, 25% year-over-year growth; Products revenue of $92.4 million, 27% year-over-year growth
• Total ARR per customer growth of 20% year-over-year
• GAAP operating loss of $(15.7) million; Non-GAAP operating income of $4.3 million

"Rapid7's solid execution drove results that exceeded expectations for both growth and profitability during the second quarter. Strong ARR per customer growth of 20% drove quarter ending ARR to $379.9 million as customers turn to Rapid7 to transform their security programs in these dynamic times, while non-GAAP operating income of $4.3 million reflects underlying leverage in our business," said Corey Thomas, Chairman and CEO of Rapid7.

"Even amidst an uncertain landscape, our consistent first half execution provides us confidence in raising full year guidance and achieving non-GAAP operating profit for the full year."

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

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