Rapid7 sees Q2 ARR at $814M-$816M, up 8%-9% from last year

Earlier this evening, the company stated: “Rapid7 announced the promotion of three long-tenured sales leaders to General Manager within a new regional model designed to enhance customer engagement, drive stronger customer expansion, and improve efficiency across the sales organization. David Boffa will serve as General Manager of the Americas, David Howorth will serve as General Manager of EMEA, and Rob Dooley will serve as General Manager of APAC. As part of their expanded scope, each of these leaders will be responsible for retention, expansion, and new customer acquisition within their respective regions, and will report directly to Rapid7 Chairman and Chief Executive Officer, Corey Thomas. As Rapid7 continues to execute on its Go To Customer strategy, Chief Customer Officer Larry D’Angelo will step down effective July 12, 2024, to pursue a new opportunity. As part of the integrated, regional customer engagement model, the company does not plan to replace this role. Rapid7 today also provided select preliminary estimated Annualized Recurring Revenue (ARR) results for the three months ended June 30, 2024. Based on currently available information, the Company anticipates second quarter 2024 Annualized Recurring Revenue, or ARR, of $814M – $816M, an increase of 8% – 9% year-over-year, and in-line with the Company’s expectations.”