Varonis Q2 2021 Earnings Report
Key Takeaways
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.
Total revenues increased by 33% year-over-year to $88.4 million in Q2 2021.
Annual recurring revenues (ARR) grew to $328.2 million, a 39% increase over Q2 2020.
Varonis is seeing increased demand due to the heightened threat environment and high-profile ransomware attacks.
The company believes it has a long-term sustainable growth runway due to data protection challenges and the strength of its platform.