Netskope Raises FY2027 Revenue Outlook to $888M-$892M
Netskope (NASDAQ:NTSK) has raised its full-year fiscal 2027 revenue outlook, now projecting between $888 million and $892 million. The company also set a Q3 revenue target of $227 million to $229 million. In the second quarter, Netskope reported annual recurring revenue (ARR) of $899 million, reflecting 27% year-over-year growth. The firm delivered net new ARR of $54 million and achieved a Q2 revenue increase of 29% year-over-year to reach $221 million. This performance exceeded the company's guidance for the quarter. The updated outlook reflects strong momentum in Netskope’s business, driven by continued demand for its cloud security solutions. The revised financial targets suggest confidence from management and could influence investor sentiment positively as they indicate stronger-than-expected growth.
Tickers: $NTSK
Topics: ARR Q2 Fiscal Performance Revenue Growth