earnings
confidence high
sentiment positive
materiality 0.75
Varonis Q2 revenue $111.4M (+26% YoY), ARR $426.3M (+30% YoY); raises op income guidance
VARONIS SYSTEMS INC
2022-Q2 EPS reported
-$0.78
revenue$207,709,000
- Revenue $111.4M (+26% YoY); subscription revenue $84.4M (+44%); ARR $426.3M (+30% YoY).
- GAAP operating loss $37.6M vs $28.2M; non-GAAP operating income $1.7M vs $1.1M.
- Raised full-year non-GAAP operating income guidance; reaffirms ARR and revenue guidance.
- Adjusted for constant currency and Russia exit, ARR growth 32% and revenue growth 30%.
- CEO cites strong platform demand and long-term opportunity amid uncertain environment.