CLAIM #66110 · Rapid7 Inc (RPD) · 2023Q2 earnings call · Aug 8, 2023 · due Dec 31, 2024
“What I will tell you, too, is that we're making investments on our business that as the economy normalizes, whenever that happens, we should see growth accelerate from where we expected to be this year.”
Corey Thomas · CEO
In context
“Corey Thomas (CEO): Yes. No. So I can answer that one pretty quickly. It's way too premature to talk about the growth we’re about to report, mostly because I am not at all qualified to talk about what the economy is going to be like in '24. And so we'll update you on that later. The important thing to think about is that we knew we wanted to strengthen our free cash flow. We want to establish a strong foundation there. And so what we did was really pressure-test the growth profile to make sure that it was going to be resilient—the free cash flow aspirations and targets in different scenarios. We have a lot of confidence in that. What I will tell you, too, is that we're making investments on our business that as the economy normalizes, whenever that happens, we should see growth accelerate from where we expected to be this year. But again, it's too early to talk about what's going to happen in the economy. We plan to be a competitive grower in the market. As the economy normalizes, our absolute focus is making sure that we're actually growing stronger than what we're seeing at this level today.”
Verify independently
SEC filings for RPD ↗ · Claim quote is verbatim from the 2023Q2 earnings call.