Varonis Earnings Reports

Varonis reported strong ARR growth, driven by SaaS and customer interest in Generative AI. SaaS ARR now represents a majority of total ARR. The company anticipates continued ARR growth and free cash flow improvement.

Varonis announced strong third quarter results, driven by the continued adoption of their SaaS platform and positive momentum from their Managed Data Detection and Response offering. SaaS ARR reached 43% of total ARR, benefiting ARR growth and cash flow generation.

Varonis announced strong Q2 2024 results driven by the adoption of their SaaS platform. SaaS ARR reached 36% of total ARR. The company raised its full-year ARR and free cash flow guidance, and increased SaaS ARR expectations to 48% for the full year.

Varonis Systems, Inc. announced financial results for the first quarter ended March 31, 2024. The company saw continued strong adoption of its SaaS platform, driven by automated outcomes and the introduction of the MDDR offering. SaaS ARR accounted for 30% of total company ARR at the end of the quarter.

Varonis Systems, Inc. reported strong fourth-quarter results, driven by the sustained momentum of its SaaS platform. SaaS ARR represented approximately 23% of total company ARR at year-end, leading to an accelerated SaaS transition timeline, now expected to complete by the end of 2026.

Varonis Systems, Inc. announced financial results for the third quarter ended September 30, 2023. The company saw continued healthy adoption of Varonis SaaS, with approximately 15% of total company ARR now coming from SaaS. The company is progressing towards achieving its $1 billion ARR target.

Varonis reported strong second-quarter results, driven by the adoption of Varonis SaaS. The company's SaaS mix reached 58%, exceeding the guidance of 35%. This performance led to improvements in ARR, free cash flow, and ARR contribution margin. As a result, Varonis raised its full-year guidance for ARR, SaaS mix, and free cash flow.

Varonis reported strong initial customer adoption, leading to a better-than-expected first quarter SaaS mix of 37% versus guidance of 15%. First quarter revenue came in near the top end of the guidance range. The company is raising its full-year SaaS mix and ARR guidance.

Varonis Systems, Inc. reported a 13% year-over-year increase in total revenues for the fourth quarter ended December 31, 2022. The company's new SaaS product received encouraging initial reception from customers and the sales force.

Varonis Systems, Inc. announced the early availability of the Varonis Data Security Platform as a SaaS delivery model. ARR grew 26% year-over-year and total revenues grew 23% year-over-year. The company is adjusting its full year guidance to reflect near-term headwinds from macroeconomic uncertainty and continued foreign currency weakness.

Varonis announced its second quarter financial results, highlighted by a 30% ARR growth. The company reaffirmed its full-year financial guidance for both ARR and revenues and meaningfully raised its full-year operating income expectations.

Varonis announced its Q1 2022 financial results, reporting a 29% year-over-year increase in total revenues to $96.3 million. The company's annual recurring revenues (ARR) grew by 32% year-over-year to $404.5 million. Despite a $3 million headwind to ARR due to the write-off of its Russia business, Varonis reaffirmed its full-year guidance for revenue and ARR.

Varonis announced strong Q4 2021 results, with total revenues growing 33% year-over-year to $126.6 million and annual recurring revenues reaching $387.1 million, a 35% increase year-over-year.

Varonis reports strong Q3 2021 results, achieving over $100 million in revenues for the first time, with a 31% year-over-year increase. The company sees greater adoption of its platform and healthy expansion from existing customers.

Varonis announced strong second-quarter results with total revenues growing 33% year-over-year to $88.4 million. Annual recurring revenues (ARR) increased by 39% compared to the second quarter of 2020, reaching $328.2 million. The company is benefiting from organizations strategically focusing on data security due to the increasing number of high-profile ransomware attacks.