Rubrik, Inc. (RBRK) is gearing up to release its second-quarter fiscal 2025 earnings on September 9th. The company anticipates revenue in the range of $195 to $197 million, reflecting continued growth fueled by its data security solutions and strategic partnerships.
This optimistic outlook is driven by several key factors. Rubrik’s growing client base and the increasing demand for its data security solutions are expected to have contributed to a strong quarter. Following a robust first quarter, where subscription revenue surged 59% year-over-year to $172.2 million, Rubrik is poised to maintain this momentum.
The company’s expanding customer base, which now includes industry leaders such as CrowdStrike (CRWD), Kyndryl, and Google Cloud, is likely to have further boosted growth during the quarter.
Rubrik’s recent partnerships are particularly noteworthy. In the first quarter, Rubrik announced its integration with CrowdStrike’s Falcon XDR platform, enhancing data security by enabling faster detection and prevention of attacks. This collaboration is expected to have significantly impacted the upcoming quarter’s performance.
Furthermore, Rubrik’s global strategic alliance with Kyndryl to develop and launch Kyndryl Incident Recovery with Rubrik, a fully managed solution for data protection and cyber incident recovery, promises to strengthen its market position and attract new customers.
In August, Rubrik announced another strategic partnership with Mandiant, part of Google Cloud, integrating threat intelligence and incident response capabilities into its cyber recovery and resilience solutions. This integration with Google Cloud’s expertise and capabilities is expected to have amplified Rubrik’s growth and solidified its position as a leading provider of data security solutions.
Despite the positive factors, Rubrik faces stiff competition from established data management and protection vendors like Cohesity, Commvault, Veeam, IBM, and Dell EMC. This competitive landscape may have slightly impacted top-line growth during the quarter.
Rubrik currently holds a Zacks Rank #3 (Hold), indicating a neutral outlook. Investors will closely monitor the company’s earnings release to gauge the impact of its strategic partnerships and the competitive landscape on its financial performance.
