Rapid7(US:RPD)2020-05-08 17:43Rapid7 Overview - Rapid7's Annual Recurring Revenue (ARR) grew by 31% year-over-year as of Q1 2020[5] - Recurring revenue accounted for 90% of Rapid7's total revenue[7] - Rapid7 projects ARR growth of 17% and revenue growth of 20% in 2020[9] Customer Base - Enterprise-level customers make up over 50% of Rapid7's customer base ARR[21] - As of March 31, 2020, customer ARR was $350.9 million[22] - ARR per customer was approximately $38900 in Q1 2020[67] Financial Performance - Q1 2020 revenue growth was 29% year-over-year[55] - Rapid7 achieved a 90% mix of recurring revenue in Q1 2020[62] - ARR grew by 31% year-over-year in Q1 2020, reaching $351 million[65] Guidance - Rapid7 anticipates ARR between $387 million and $407 million for full-year 2020, representing 14% to 20% growth[83] - The company projects revenue between $388 million and $395 million for full-year 2020, a 19% to 21% increase[83]