Core Insights - Netskope reported its first earnings, but the market reaction was negative, with shares dropping 12% following the announcement [1][2] - The company exceeded Wall Street expectations with a 33% increase in sales and a 41% rise in remaining performance obligations, but guidance fell short, leading to the stock decline [2] Company Overview - Founded in 2012 and led by Sanjay Beri, Netskope recently went public in September 2023, aiming to establish a niche in the $150 billion cybersecurity market [4] - Netskope has been recognized as a leader in various industry rankings, including Gartner's Magic Quadrant for SASE and SSE, and Forrester's Wave for SASE solutions [5] Customer Base and Growth Metrics - The company serves over 30 Fortune 100 companies and has improved its net retention rate from 113% to 118% over the past year, indicating strong upselling and cross-selling capabilities [7] - Netskope's gross margin stands at 68.86%, reflecting its operational efficiency [3]