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Rubrik's Revenue Soars Amidst Cyber Demand
29 Aug
Summary
- Rubrik's subscription ARR grew 33% year-over-year to $1.66 billion.
- The company saw a 57% increase in customers spending over $1 million.
- Gross margin remained strong at 81%, with ARR contribution margin improving.
Rubrik announced strong second-quarter fiscal 2027 financial results that surpassed its own projections. The data security firm experienced growth across subscription annual recurring revenue (ARR), overall revenue, and free cash flow compared to the previous year. This performance prompted Rubrik to elevate its full-year financial outlook, attributing the positive trend to heightened demand for cyber resilience solutions and ongoing expansion within its enterprise client segment.
Subscription ARR reached an impressive $1.66 billion, marking a 33% year-over-year increase. The company added approximately $96 million in net new subscription ARR during the quarter. Subscription revenue grew by 37% to $407 million, while total revenue saw a 38% rise, hitting $427.3 million. Furthermore, Rubrik reported a subscription net revenue retention rate exceeding 119% and a 23% increase in customers with at least $100,000 in subscription ARR, now totaling 3,084 clients.
