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Mar 31, 2022
Varonis Q1 2022 Earnings Report
Varonis had a solid start to 2022, driven by ARR growth and record quarterly operating cash flow.
Key Takeaways
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.
Total revenues increased by 29% year-over-year, reaching $96.3 million in Q1 2022.
Annual recurring revenues (ARR) grew by 32% year-over-year, totaling $404.5 million.
The write-off of the Russia business had a $3 million negative impact on ARR for the quarter.
Varonis reaffirmed its full-year guidance for revenue and ARR despite the impact from the Russia business write-off.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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