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Varonis Systems, Inc. reported strong fourth-quarter results, driven by the sustained momentum of its SaaS platform. SaaS ARR represented approximately 23% of total company ARR at year-end, leading to an accelerated SaaS transition timeline, now expected to complete by the end of 2026.
Annual recurring revenues grew 17% year-over-year.
SaaS ARR as a percentage of total ARR was approximately 23%.
SaaS mix of 66% versus guidance of 60%.
SaaS transition timeline is expected to complete by the end of 2026.
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