Varonis Q2 revenue up 33% to $88.4M; ARR reaches $328.2M

VARONIS SYSTEMS INC

2021-Q2 EPS reported -$0.66 revenue$163,203,000

Total revenue $88.4M (+33% YoY); subscription revenue $58.1M (+70% YoY).
Annual recurring revenue (ARR) grew 39% YoY to $328.2M.
GAAP operating loss widened to ($28.2M) from ($22.1M) a year ago.
Non-GAAP operating income of $1.1M vs a ($4.0M) loss in Q2 2020.
CEO cites heightened ransomware threat environment driving demand.

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