Strong Start to Fiscal Year 2025
Tenable achieved a significant start to the year by beating all guided metrics on both the top and bottom line, with revenue growth of 11% year-over-year and a 36% unlevered free cash flow margin.
Record Large Deal Wins
The company experienced its best quarter ever for seven-figure wins, driven by the Tenable One platform, indicating strong demand for their comprehensive exposure management solution.
Expansion and Product Innovation
Tenable continued to expand integrations with third-party tools, leveraging capabilities from the Vulcan Cyber acquisition, and made strides in AI-powered exposure management, showcasing its competitive edge.
Cloud Security Momentum
Cloud security was a major driver of outperformance, with a significant seven-figure deal secured, highlighting its importance in the exposure management strategy.
Positive Contributions from Vulcan Acquisition
The Vulcan acquisition is expected to contribute approximately $5 million to the year's revenue, with significant impact expected in the latter half of the year.