Varonis Q3 revenue $123.3M (+23% YoY); ARR up 30% cc; $100M buyback; SaaS early access; guidance lowered

VARONIS SYSTEMS INC

2022-Q3 EPS reported -$1.04 revenue$331,017,000

Total revenue $123.3M (+23% YoY); subscription revenue $96.1M (+37% YoY).
GAAP operating loss of ($25.6)M vs ($18.6)M loss last year; non-GAAP operating income $9.8M vs $8.1M.
Annual recurring revenue grew 30% YoY on constant currency basis; early availability of Data Security Platform as SaaS.
Board authorized $100M share repurchase; full-year guidance adjusted due to macroeconomic headwinds and FX weakness.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VARONIS SYSTEMS INC reported the third quarter ended September 30, 2022 results: revenue $123.3 million. Guidance lowered.

Period: the third quarter ended September 30, 2022
Revenue: $123.3 million
Guidance: lowered
Result: reported results

Exact text from the filing

Financial Summary for the Third Quarter Ended September 30, 2022 Total revenues increased 23% to $123.3 million, compared with $100.4 million in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001171843-22-006898

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