04:53 PM EDT, 03/13/2024 (MT Newswires) -- SentinelOne ( S ) late Wednesday reported stronger-than-expected fiscal fourth-quarter revenue, though the cybersecurity company's full-year sales outlook missed Wall Street's estimates.

Revenue soared 38% year over year to $174.2 million for the three-month period ended Jan. 31, ahead of the Capital IQ-polled consensus indicating $169.4 million. SentinelOne's ( S ) adjusted loss narrowed to $0.02 a share from $0.13 a year ago. Analysts were modeling for a $0.04 loss.

Annualized recurring revenue, or ARR, increased 39% to $724.4 million at the end of January, while the number of customers with ARR of at least $100,000 climbed 30% to 1,133, according to the company.

SentinelOne ( S ) anticipates reporting fiscal 2025 revenue of $812 million to $818 million, compared with the Street's $818.1 million view. The stock was sliding 10% in after-hours trading.

"Organizations continue to focus on costs and efficiency amid macroeconomic conditions," the company said in a shareholder letter. However, cybersecurity remains a top priority for enterprises, driven by "an intensifying threat landscape," SentinelOne ( S ) said.

The company aims to achieve profitability by the end of the year.

SentinelOne ( S ) expects revenue of $181 million for its ongoing first quarter, reflecting year-over-year growth of 36%, according to the letter. The Street is currently estimating $180.9 million.

"We expect global macroeconomic conditions and the broader demand environment to remain consistent with the recent trends as enterprises continue to optimize their security investments," the company said in the letter.

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