Rubrik reports Q2 EPS (40c), consensus (49c)

Reports Q2 revenue $205.0M, consensus $196.2M. Reports Q2: Subscription ARR grew 40% year-over-year to $919.1 million; 1,969 customers with $100K or more in Subscription ARR, up 35% year-over-year. Commenting on the Company’s financial results, Kiran Choudary, Rubrik’s Chief Financial Officer, added, “We had a strong second quarter, outperforming our guidance across all metrics. In addition to strong growth at scale, our Subscription ARR Contribution Margin was up over 1,300 basis points year-over-year, demonstrating our improving operational efficiency. These results demonstrate our ability to balance high top line growth and improved progress towards our long-term profitability targets.”