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Stock impact report

Varonis Announces Second Quarter 2019 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
Subscription revenues represent 56% of second quarter license revenuesCompany is raising full year 2019 subscription mix guidance from 25% to 45% NEW YORK, July 29, 2019 (GLOBE NEWSWIRE) -- Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, today announced results for the second quarter ended June 30, 2019. Yaki Faitelson, Varonis CEO, said, “Our subscription transition has been both rapid and impressive, as 56% of our license revenues were from subscription products in the second quarter, compared with our guidance of 25%. We saw strong subscription adoption from customers globally, with the subscription percentage for both North America and EMEA in line with the reported mix. We are raising our expectations for our full year 2019 subscription mix and remain focused on this rapid transition, delivering greater long-term value to our customers and enabling us to strengthen our business with greater visibility and predictability." Guy Melamed, Varonis Show less Read more
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