Rubrik CEO on Cyber Attack Preparedness

Key Concepts

First Quarter Forecast
Subscription Revenue Growth
Free Cash Flow
Cyber Resiliency
Cloud Transition
Data Integrity
Data Classification
Responsible AI
Geopolitical Tensions
Nation State Actors
Industrial Espionage
Insider Threat
Attack Prevention
Cyber Warfare
Critical Infrastructure
Cyber Crime
Existential Threat

First Quarter Forecast and Revenue Growth

The company's revenue forecast for the first quarter is $259 million to $261 million, exceeding the estimated $243 million. This upgrade is attributed to a strong end to the last fiscal year, with Q4 subscription revenue growing 39% year-over-year. The company also generated $75 million of free cash flow in the quarter and was cash flow positive for the full year.

Cyber Resiliency as a Priority

Cyber resiliency is identified as the number one priority in cybersecurity. Customers are concerned about ransomware and cyber attacks and seek solutions to maintain business operations despite these threats. This demand is driving growth for Rubrik. The company is guiding 30% growth in top-line revenue for the next fiscal year.

Cloud Transition and Future Growth

The company has benefited significantly from the cloud transition. The transformation involves cloud adoption and transforming data landscape from data integrity, data classifications, understanding of sensitive data. To deliver responsible AI, businesses must ensure the right data goes to the right user. Rubrik ensures data integrity, availability, and that only the right data goes to the right user on the right platform at the right time for the right duration.

Geopolitical Tensions and Cybersecurity Threats

Geopolitical tensions, including conflicts and the presence of nation-state actors, industrial espionage, and insider threats, contribute to increased cybersecurity threats. The increasing sophistication of attacks is a secular trend. There's a shift in focus from solely attack prevention to ensuring business continuity during attacks. Critical infrastructure is a high priority in cyber warfare, driving the vision of cyber resilience.

The Evolving Nature of Cyber Attacks

Cyber attacks have evolved from simple acts of vandalism to cybercrime, with actors seeking to monetize or disrupt businesses. Cyber attacks pose an existential threat to businesses. Being prepared for cyber attacks and maintaining service availability despite them is crucial for business survival.