COLUMBIA, Md., June 06, 2024 (GLOBE NEWSWIRE) -- Tenable® Holdings, Inc., the Exposure Management company, today announced that it has signed a definitive agreement to acquire Eureka Security, Inc., a provider of data security posture management (DSPM) for cloud environments. Eureka Security helps security teams gain a holistic view into an organization's cloud data security footprint, fight policy drift and misconfigurations that put data at risk, and continuously improve their security posture over time. ...

Leveraging Tenable's exposure management capabilities, Deloitte and Tenable's shared customers can harness the power of proactive security and help remove noise by bringing their attack surfaces – on-premise and cloud- based – into a single view. Tenable One provides customers with the necessary comprehensive visibility, the breadth of vulnerability coverage, and depth of context-driven risk analytics to prioritize actions based on likelihood of attack to reduce cyber risk. COLUMBIA, Md., June 05, 2024 (GLO ...

Revenue Performance - Revenue for the three months ended March 31, 2024, was $216.0 million, representing a year-over-year growth of 14% compared to $188.8 million in the same period of 2023[80] - Revenue for the three months ended March 31, 2024, was $215.961 million, an increase of $27.122 million or 14% compared to $188.839 million in 2023[125] - Subscription revenue increased by $26.537 million or 16% to $197.635 million, while professional services and other revenue rose by $610,000 or 11% to $6.170 million[125] - U.S. revenue increased by $12.0 million or 11%, while international revenue rose by $15.1 million or 18%[125] Recurring Revenue - Recurring revenue accounted for 96% of total revenue in Q1 2024, up from 95% in Q1 2023[80] Profit and Loss - Net loss for the three months ended March 31, 2024, was $14.4 million, a decrease from a net loss of $25.1 million in Q1 2023[81] - The net loss for the three months ended March 31, 2024, was $14.386 million, a reduction from a net loss of $25.097 million in the same period of 2023[123] - Non-GAAP net income for the period was $30.440 million, compared to $13.063 million in the prior year, leading to non-GAAP earnings per share of $0.25, up from $0.11[123] Cash Flow - Cash flows from operating activities increased to $50.3 million in Q1 2024, compared to $38.7 million in Q1 2023[81] - Free cash flow for Q1 2024 was $47.1 million, compared to $37.3 million in Q1 2023[90] - Net cash provided by operating activities was $50.3 million, an increase from $38.7 million in the prior year[143] Customer Growth - The number of new enterprise platform customers added in Q1 2024 was 410, an increase of 8% from 379 in Q1 2023[91] - The number of customers with annual contract values of $100,000 or greater increased by 19%, reaching 1,717 in Q1 2024, up from 1,444 in Q1 2023[91] Operating Expenses - Operating expenses totaled $175.959 million, an increase of $13.470 million or 8% from $162.489 million in 2023, with sales and marketing expenses rising to $99.825 million[123] - Research and development expenses increased to $43.727 million, up from $38.183 million in the previous year, reflecting ongoing investment in product capabilities[123] - Research and development expenses increased by $5.5 million, or 15%, to $38.2 million for the three months ended March 31, 2024[129] - General and administrative expenses rose by $3.9 million, or 14%, to $31.0 million for the same period[129] - The company incurred $1.4 million in restructuring costs, representing a 100% increase compared to the previous year[130] Financial Metrics - Calculated current billings for Q1 2024 were $197.8 million, up from $176.8 million in Q1 2023, reflecting a growth of 12%[87] - The dollar-based net expansion rate for Q1 2024 was 109%, down from 113% in Q1 2023[94] - Non-GAAP income from operations for Q1 2024 was $37.0 million, compared to $18.1 million in Q1 2023, with a non-GAAP operating margin of 17%[98] Future Outlook - The company expects to continue investing in its cloud-based platform and customer support, which may affect future cost of revenue[108] - The company anticipates longer purchasing and approval phases in its sales cycle during 2024, despite improvements in sales cycles observed in the recent quarter[106] Deferred Revenue - Deferred revenue reached $722.7 million, with $562.6 million expected to be recognized as revenue in the next 12 months[136] Acquisitions and Stock Repurchase - The company acquired Ermetic for approximately $244 million in cash in October 2023[137] - A stock repurchase program authorized up to $100 million, with $25.0 million spent to repurchase 525,773 shares in the three months ended March 31, 2024[139] Interest and Taxes - Interest income increased by $0.5 million, or 10%, to $5.6 million, while interest expense rose by $0.8 million, or 11%, to $8.1 million[133] - The provision for income taxes decreased by $1.5 million, or 47%, to $1.7 million for the three months ended March 31, 2024[134] Cash and Investments - Cash and cash equivalents totaled $260.0 million, with short-term investments of $250.8 million as of March 31, 2024[134]

Tenable Holdings (NASDAQ:TENB) Q1 2024 Earnings Conference Call May 1, 0030 4:30 PM ET Company Participants Erin Karney - VP, IR Amit Yoran - Chairman and CEO Steve Vintz - CFO Jason Merrick - SVP, Products Conference Call Participants Joel Fishbein - Truist Securities Brian Essex - JP Morgan Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Andrew Nowinski - Wells Fargo Brad Reback - Stifel Jonathan Ho - William Blair Mike Cikos - Needham & Co. Patrick Colville - Scotiabank Gary Powell - BTIG Shaul ...

Tenable Announces First Quarter 2024 Financial Results COLUMBIA, Maryland, May 1, 2024 — Tenable Holdings, Inc. ("Tenable") (Nasdaq: TENB), the Exposure Management company, today announced financial results for the quarter ended March 31, 2024. "We delivered strong results for the first quarter, highlighted by 14% revenue growth and 17% operating margin driven by traction in our unified platform," said Amit Yoran, Chairman and CEO of Tenable. "Our exposure management solutions, including Tenable One and Clo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K ______________________________________ ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or (Exact name of registrant as specified in its charter) ______________________________________ (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Delaware 47-5580846 6 ...

Tenable Holdings (NASDAQ:TENB) Q4 2023 Results Earnings Conference Call February 7, 2024 4:30 PM ET Company Participants Erin Karney - Vice President of Investor Relations Amit Yoran - Chairman and Chief Executive Officer Steve Vintz - Chief Financial Officer Conference Call Participants Rob Owens - Piper Sandler & Co. Joel Fishbein - Truist Securities Mike Cikos - Needham & Company Jonathan Ho - William Blair Matthew Saltzman - Morgan Stanley Brian Essex - J.P. Morgan Dan Ives - Wedbush Securities Brad Reb ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number 001-38600 __________________ TENABLE HOLDINGS, INC. (Exact name of registrant as specifie ...

Tenable Holdings, Inc. (NASDAQ:TENB) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Erin Karney - Vice President of Investor Relations Amit Yoran - Chairman and CEO Steve Vintz - CFO Conference Call Participants Brian Essex - JPMorgan Rob Owens - Piper Sandler Joel Fishbein - Truist Securities Hamza Fodderwala - Morgan Stanley Andrew Nowinski - Wells Fargo Brad Reback - Stifel Roger Boyd - UBS Gray Powell - BTIG Brian Colley - Stephens Inc. Garrett Burkam - William Blair M ...

Use of Tech is Exploding in Modern Infrastructure tenable one ATTACK SURFACE MANAGEMENT EMEA 26% APAC 11% Americas Q2 and FY 2023 Outlook 20 4 ✔ Gartner Peer Insights Choice for Vulnerability Assessment 2020³ for 3yrs in a row¹ VULNERABILITY MANAGEMENT | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------|--------|--------|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------- ...