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Stock impact report

Varonis Systems Expects Growth to Slow Down This Year [The Motley Fool]

Varonis Systems, Inc. (VRNS) 
Last varonis systems, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.varonis.com
Company Research Source: The Motley Fool
Robust growth in the first quarter will give way to slower growth during the rest of 2018. Data security and analytics provider Varonis Systems ( NASDAQ:VRNS ) reported its first-quarter results after the market closed on April 30. The company grew revenue at a brisk pace, but its guidance called for a substantial slowdown for the rest of 2018. Here's what investors need to know about Varonis' first-quarter report. Varonis results: The raw numbers Metric Q1 2018 Q1 2017 Year-Over-Year Change Revenue $53.5 million $39.6 million 35.1% Net income ($15.0 million) ($11.7 million) N/A Non-GAAP EPS ($0.22) ($0.25) N/A Data source: Varonis. EPS = earnings per share. Image source: Varonis. What happened with Varonis this quarter? License revenue was $25.1 million, up 38.6% year over year. Maintenance and services revenue was $28.5 million, up 32.3% year over yea Show less Read more
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