Netskope beats Q2 revenue expectations with $221 million in sales, fueled by a 27% rise in ARR and accelerating enterprise adoption of its AI security and network modernization tools.
Netskope reported strong Q2 fiscal 2027 results with ARR up 27% YoY to $899 million, revenue up 29% to $221 million ahead of guidance, and improving operating margins, indicating strong business momentum.
Netskope reported a strong second quarter for fiscal 2027, with revenue reaching $221 million, a 29% increase year-over-year that surpassed guidance. The company's Annual Recurring Revenue (ARR) also grew 27% to $899 million, driven by robust enterprise demand for its AI security suite and the Netskope One platform as businesses seek to modernize infrastructure for the AI era.
Growth is primarily driven by strong enterprise demand for the Netskope One platform and the company's specialized AI security suite, which helps organizations manage the risks associated with autonomous AI agents and cloud modernization.