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Dec 31, 2021
Varonis Q4 2021 Earnings Report
Varonis's Q4 2021 financial results were announced, showcasing significant growth.
Key Takeaways
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.
Total revenues increased by 33% year-over-year in Q4 2021, reaching $126.6 million.
Annual recurring revenues (ARR) grew to $387.1 million, a 35% increase year-over-year.
The company's technology is well-suited for today's market, driving the global need for the Varonis Data Security Platform.
Varonis is focused on protecting enterprise data and detecting cyberthreats through its Data Security Platform.
Varonis
Varonis
Forward Guidance
The company provided financial outlook for the first quarter and full year 2022, including ARR guidance. The company's guidance for non-GAAP operating income (loss) reflects the weakening of the U.S. dollar against the New Israeli Shekel, which the company has mitigated through its hedging program for 2022.