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Sep 30, 2022
Varonis Q3 2022 Earnings Report
Varonis announced early availability of its Data Security Platform as a SaaS offering and reported a 26% year-over-year growth in annual recurring revenues.
Key Takeaways
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 the early availability of the Varonis Data Security Platform as a SaaS delivery model.
Annual recurring revenues grew 26% year-over-year.
Total revenues grew 23% year-over-year.
Company announces $100.0 million share repurchase authorization.
Forward Guidance
The Company is adjusting its previous full-year outlook to reflect near-term headwinds from macroeconomic uncertainty and continued foreign currency weakness.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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