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-0.0300515810719893 0 -0.000224265530387935 -0.000224265530387935 0.020408163265306 0.042834716304104 0.020408163265306 0.00627943485086345
Stock impact report

Varonis Announces First Quarter 2024 Financial Results

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: GlobeNewswire
Annual recurring revenues grew 17% year-over-yearSaaS ARR as a percentage of total ARR was approximately 30%Year-to-date cash from operations generated $56.7 million vs. $36.8 million last yearYear-to-date free cash flow generated $56.4 million vs. $35.7 million last year NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the first quarter ended March 31, 2024. Yaki Faitelson, Varonis CEO, said, "Our first quarter results reflect the continued strong adoption of our SaaS platform, driven by the automated outcomes that customers receive and our recently introduced MDDR offering, which we believe is a game changer for our company." Guy Melamed, Varonis CFO & COO, added, “The robust demand for our SaaS platform resulted in 30% of total company ARR coming from SaaS at the end of the first quarter. We are well positioned to capitalize on the many tailwinds in our business which w Show less Read more
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