Varonis Q3 2021 revenue exceeds $100M for first time, up 31% YoY

VARONIS SYSTEMS INC

2021-Q3 EPS reported -$0.88 revenue$263,556,000

Total revenue $100.4M (+31% YoY); subscription revenue $70.0M (+59% YoY).
Annual recurring revenue (ARR) grew 36% YoY to $354.2M.
GAAP operating loss of ($18.6)M vs ($16.5)M a year ago; non-GAAP operating income $8.1M vs $3.1M.
CEO cites strong customer adoption and healthy expansion; company well positioned for strong close to 2021.

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