SUMMARY
- Tenable appointed Rajnish Gupta as Managing Director for India and SAARC to lead operations and strategy.
- The firm reported Q1 2024 revenue of $216 million, with a 14% YoY increase.
- The company achieved a GAAP net loss of $14.4 million, improved from last year.
Tenable, a cybersecurity company specializing in vulnerability management and exposure assessment solutions, has appointed Rajnish Gupta as Managing Director for India and SAARC. In this role, Gupta will oversee Tenable’s operations, lead strategic initiatives, and drive business and channel development across the region.”
According to the firm, the latest appointment aligns with the continuous development of its cloud capabilities and exposure management platform, which enables businesses to locate, reveal, and close any gaps in their cyber exposure.
Rajnish Gupta joins Tenable with over 30 years of experience in cybersecurity and information technology. Previously, he was the India Country Director for Palo Alto Networks‘ Cortex subsidiary.
Tenable is a cybersecurity exposure management company that finds and fixes cybersecurity flaws that jeopardize an organization’s worth, standing, and confidence. The company’s AI-powered exposure management platform essentially unifies security visibility, insight, and action across the attack surface, empowering contemporary organizations to defend against attacks on everything from critical infrastructure to cloud environments to IT infrastructure and beyond. The firm claims to have helped more than 44,000 clients worldwide by reducing business risk.
As security teams manage multiple clouds and identities across a converged IoT, OT, and IT landscape, and the modern attack surface is rapidly growing in both size and complexity, Rajnish Gupta stated: “We must continue helping our customers bridge the gap in how business and security leaders understand and manage cyber risk.”
In the first quarter of 2024, Tenable reported revenue of $216.0 million, marking a 14% increase year-over-year. The company’s calculated current billings reached $197.8 million, up 12% from the previous year. It has achieved a GAAP net loss of $14.4 million, an improvement from $25.1 million in the same quarter of 2023, while non-GAAP net income rose to $30.4 million. Net cash provided by operating activities was $50.3 million, and unlevered free cash flow stood at $54.7 million. The company also reported cash and cash equivalents of $510.8 million as of March 31, 2024.
