Rapid7, Inc. (RPD) Tops Q4 EPS by 13c

Rapid7, Inc. (NASDAQ: RPD) reported Q4 EPS of ($0.13), $0.13 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $45 million versus the consensus estimate of $42.96 million.

"During the fourth quarter we saw robust demand for our data and analytics solutions that provide better visibility and faster response times at a lower cost,” said Corey Thomas, President and Chief Executive Officer of Rapid7. “Our market opportunity is expanding as we continue to deliver IT and security solutions that are accessible to the resource-constrained mass market. Further, as we add more applications to the Insight platform, more customers are choosing to consolidate their IT and security spending with Rapid7. I am pleased with our improved execution during the quarter, and as we look towards 2017, we are focused on furthering our differentiation to drive customer adoption and consistent scale and leverage in the business.”

For earnings history and earnings-related data on Rapid7, Inc. (RPD) click here.

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