Rubrik raises annual outlook as revenue jumps 38%

Investing.com -- Rubrik raised its full-year revenue and adjusted earnings outlook on Thursday after the cybersecurity company posted a 38% jump in second-quarter revenue and swung to an adjusted profit, signaling continued demand for its data security products.

Revenue rose to $427.3 million in the quarter ended July 31, from $309.9 million a year earlier, while adjusted diluted earnings per share rose to 20 cents from an adjusted loss of 3 cents per share a year earlier.

The results underscore the company's continued growth as it seeks to improve profitability alongside expanding sales. Rubrik said the quarter exceeded all its guided metrics and raised its fiscal 2027 outlook.

For the third quarter, Rubrik expects revenue of $429 million to $431 million and adjusted diluted earnings per share of 7 cents to 9 cents.

For fiscal 2027, the company now expects revenue of $1.685 billion to $1.693 billion and adjusted diluted earnings per share of 47 cents to 53 cents.

Rubrik's adjusted earnings outlook compares with its return to profitability in the second quarter, when adjusted diluted earnings per share reached 20 cents, versus a loss of 3 cents per share in the year-earlier period.

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