Varonis Systems, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Full Year of 2024
May 06, 2024 at 04:05 pm EDT
Share
Varonis Systems, Inc. provided earnings guidance for the second quarter of 2024 and full year of 2024. For the quarter, the Company expects revenues of $123.0 million to $126.0 million, or year-over-year growth of 7% to 9%.
For full year 2024, the Company now expects ARR of $622.0 million to $628.0 million, or year-over-year growth of 15% to 16%. Revenues of $536.0 million to $546.0 million, or year-over-year growth of 7% to 9%.
Varonis Systems, Inc. is a provider of data security services. The Companyâs cloud-native Data Security Platform discovers and classifies critical data, removes exposures, and detects advanced threats with artificial intelligence (AI)-powered automation. Its software enables enterprises of all sizes and industries to protect data stored on-premises and in the cloud, including sensitive files, emails and databases; confidential personal data belonging to customers, patients and employees; financial records; source code, strategic and product plans; and other intellectual property. The Varonis data security platform helps enterprises protect data against cyberattacks from both internal and external threats. The Companyâs products include DatAdvantage, including the Automation Engine; DatAlert, including Varonis Edge; DataPrivilege, Data Classification Engine, including Policy Pack and Data Classification Labels; Data Transport Engine, and DatAnswers.
VARONIS SYSTEMS, INC. 
