Varonis reaffirms Q1 and FY 2023 guidance at Investor Day

VARONIS SYSTEMS INC

Reaffirms Q1 2023 revenue of $106-$108M (10-12% YoY growth) and non-GAAP net loss per share ($0.05)-($0.04).
Reaffirms full-year 2023 ARR of $513-$523M (10-12% YoY growth) and revenue of $519-$529M.
Full-year 2023 non-GAAP net income per diluted share expected at $0.33-$0.35 on 127.3M diluted shares.
Investor Day held March 14, 2023; management to update on SaaS transition strategy.

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