Security and AI company Rubrik Inc (NYSE:RBRK) reported on Tuesday second-quarter financial results that beat expectations.
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What Happened: Rubrik reported second-quarter revenue of $309.86 million, up 51% year-over-year. The revenue total beat a Street consensus estimate of $282.22 million according to data from Benzinga Pro.
Subscription revenue was $297 million in the second quarter, up 55% year-over-year.
The company said its second quarter subscription ARR was up 36% year-over-year to $1.25 billion.
Rubrik had 2,505 customers with $100,000 or more in subscription ARR at the end of the quarter, up 27% year-over-year.
The company reported a loss of three cents per share in the quarter, …