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Stock impact report

Varonis Announces Preliminary First Quarter 2020 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
Revenues negatively impacted by COVID-19ARR range of $220.2 million to $220.6 million, representing growth of approximately 60%Subscription revenues mix greater than 95%, compared to 31% in Q1 2019Company is withdrawing full year 2020 financial guidance NEW YORK, April 06, 2020 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, today announced preliminary, unaudited financial results and selected operating metrics for the first quarter ended March 31, 2020. The company plans to release its full first quarter 2020 financial results on Monday, May 4, 2020. "We had a strong start to 2020, but with the spread of the global COVID-19 pandemic, our customers' immediate focus turned to employee safety, just as ours did, which caused many to defer purchasing decisions at the end of the quarter," said Yaki Faitelson, Varonis CEO. "Crises like this one create optimal conditions for cybercrime, and we continue to be highly engaged with all of o Show less Read more
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