Tenable Exceeds Expectations in the Third Quarter of 2024

Tenable, the expert in Cyber Exposure Management, reported impressive financial results in the third quarter of 2024, surpassing expectations in terms of both revenue and profit. Thanks to strong demand for its key solutions, Tenable One and Cloud Security, which now account for one-third of new sales, the company demonstrated remarkable performance. The new AI tools, such as AI Aware, also enhance customers' confidence in the secure deployment of AI technologies. Chairman Amit Yoran highlighted that Tenable is thriving particularly in the public sector and mid-market segment, as companies increasingly seek platform solutions to consolidate their security infrastructure. However, there are challenges, such as extended sales cycles, that needed to be overcome. Furthermore, Tenable announced an expanded share buyback program to reinforce shareholder confidence and create value. With a solid balance sheet and robust growth across various sectors, Tenable remains well-positioned to seize opportunities in the complex security landscape and generate sustainable profits.