Recently Rapid7 (Nasdaq: RPD), a leading provider of security analytics and automation, reported its quarterly results that continued to beat market estimates. The company has been on an acquisition spree and recently announced the acquisition of another Australian player.

Rapid7’s Financials

Rapid7’s revenues for the first quarter grew 24% to $117.5 million, ahead of the market’s expectations of $114.39 million. Non-GAAP net loss was $1.4 million or $0.03 per share compared with the Street’s forecast of a loss of $0.06 per share. Total ARR grew 30% to $455.8 million.

By segment, revenues from products grew 25% to $109.3 million and professional services revenues grew 20% to $8.2 million.

For the second quarter, Rapid7 forecast revenues of $121.7-$123.3 million with earnings of $0.02-$0.03 per share. The Street was looking for revenues of $119.4 million and an EPS of $0.01 per share. Rapid7 expects to end the current year with revenues of $500-$506 million and earnings of $(0.03) to $0.04 per share. The market had forecast revenues of $493.42 million with earnings of $0.02 per share.

Rapid7’s Velocidex Acquisition

In April, Rapid7 announced the acquisition of Australia-based Velocidex Enterprises. Its flagship product Velociraptor provides innovative consultancy services in the specialist areas of digital forensics and incident response. It was developed for digital forensics and incident response professionals that needed an efficient and powerful way to detect and monitor threatening activities across endpoints. With its community-driven approach, all collective wisdom from the DFIR community is congregated into one space and is accessible to others. The acquisition will allow Rapid7 to continue building the community as well as leverage the technology and insights, enhancing Rapid7’s incident response capabilities. The terms of the deal were not disclosed.

Rapid7 also announced the release of its integration on the CrowdStrike Store. The CrowdStrike Store helps address the challenges faced by customers in delivering a unified Security Cloud ecosystem of trusted third-party applications and add-ons alongside the Falcon platform. The integrations leverage CrowdStrike Falcon’s telemetry which processes over five trillion endpoints and workload-related events a day. The integration, InsightIDR (SIEM), leverages insights from Rapid7’s global services and threat intelligence network and the Falcon platform’s telemetry to release endpoint and workload visibility alongside user, network, cloud, and other security data for complete coverage of modern hybrid environments.

Its stock is trading at $93.98 with a market capitalization of $5.18 billion. Last week, it hit a 52-week high of $95.98. It hit a 52-week low of $47.08 in June last year.