This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including, without limitation, statements regarding our market opportunity, demand for our product and service offerings, expectations regarding our annualized recurring revenue (ARR) and growth, ARR opportunity for an average-sized customer, ARR growth per customer, revenue growth, non-GAAP operating margin expansion, free cash ﬂow, and our other non-GAAP measures, our business strategy, plans and objectives for future operations and expectations regarding non-GAAP targets, our future ﬁnancial and business performance for the third quarter and full-year 2022 and the assumptions underlying such guidance, are forward-looking statements. Our use of the words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will" and similar expressions are intended to identify forward-looking statements. The events described in our forward-looking statements are subject to a number of risks and uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from future results expressed or implied by the forward-looking statements. Risks that could cause or contribute to such differences include, but are not limited to, growing macroeconomic uncertainty, unstable market and economic conditions, risks arising from the ongoing COVID-19 pandemic, ﬂuctuations in our quarterly results, failure to meet our publicly announced guidance or other expectations about our business, our rapid growth and ability to sustain our revenue growth rate, the ability of our products and professional services to correctly detect vulnerabilities, competition in the markets in which we operate, market growth, our ability to innovate and manage our growth, our ability to integrate acquired companies, including IntSights, our ability to operate in compliance with applicable laws as well as other risks and uncertainties set forth in the "Risk Factors" section of our most recent Quarterly Report on Form 10-Q ﬁled with the Securities and Exchange Commission (SEC) on May 5, 2022 and in the subsequent reports that we ﬁle with the SEC. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those expressed in any forward-looking statements we may make. Except as required by law, we undertake no obligation to update any forward-looking statements to reﬂect events or circumstances after the date of such statements. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this presentation.
This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk.
This presentation also contains certain non-GAAP ﬁnancial measures as deﬁned by the SEC rules. These non-GAAP ﬁnancial measures are in addition to, and not a substitute for or superior to, measures of ﬁnancial performance prepared in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP ﬁnancial measures versus their nearest GAAP equivalents. For example, other companies may calculate non-GAAP ﬁnancial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP ﬁnancial measures as tools for comparison. Please refer to our August 3, 2022 press release for additional information as to why we believe these non-GAAP ﬁnancial measures are useful to investors and others in assessing our operating results. As required by Regulation G, we have provided a reconciliation of those measures to their most directly comparable GAAP measures, which is available in the end notes to this presentation. However, the reconciliation of non-GAAP guidance measures to the most comparable GAAP measures does not reﬂect any items that are unknown at this time, such as litigation-related expenses, which we are not able to predict without unreasonable effort due to their inherent uncertainty.
ARR growth of
Expansion of Non-GAAP
Operating Margin and
of total revenue 1
YoY growth in ARR per
Free Cash Flow
Projected in 2022 2
d ARR growth of
in 2022 2
Projected Revenue growth of
in 2022 2
As of Q2 2022
Based on FY 2022 guidance provided as of August 3, 2022. Growth rates are at the mid-point of the guidance range.
Managing Risk and Enabling Innovation
Data keeps our
Accelerated change makes it tougher to stay ahead of risks.
We trust security teams to protect our data.
Security needs to keep up with the pace of innovation.
Organizations need best-in-class security that is both
sophisticated and accessible.
Make the most successful security technologies and practices accessible to all.
Unite teams and tools with award-winning cloud products delivering visibility, analytics, and automation.
Uniﬁed Cloud Platform
Enrich customer experiences with broad environment visibility, seamless integrations and ease of scaling.
Expertise & Community
Deliver leading products and expertise built on insights from our experienced security researchers and the security community.
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