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Jun 30, 2022
Varonis Q2 2022 Earnings Report
Varonis's second quarter results demonstrated the strength of the Varonis Data Security Platform, delivering strong topline growth and operating leverage.
Key Takeaways
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.
Annual recurring revenues grew 30% year-over-year.
Total revenues grew 26% year-over-year.
Adjusted for constant currency and Russia, annual recurring revenues grew 32% year-over-year.
Adjusted for constant currency and Russia, total revenues grew 30% year-over-year.
Varonis
Varonis
Forward Guidance
The Company is again reaffirming its original full-year guidance for ARR and revenue, and increasing its full-year guidance for non-GAAP operating income.