Netskope Q1 FY27 Revenue Jumps 28% to $201.6M, Beats EPS Estimates
Summary
Netskope reported Q1 FY27 results with 28% year-over-year revenue growth to $201.6 million and 29% ARR growth to $845 million. The non-GAAP net loss per share of ($0.06) beat analyst estimates of ($0.07) for the quarter. While gross margins improved, GAAP operating loss widened significantly, and cash flow from operations turned negative, using $53.9 million compared to providing $25.6 million a year ago. This follows recent analyst expectations and a series of strategic partnership announcements, including with Anthropic and Deloitte.
At the time of this announcement, NTSK was trading at $9.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $5B. The 52-week trading range was $7.67 to $27.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.