NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $35.7 million in its first quarter.

The New York-based company said it had a loss of 36 cents per share. Losses, adjusted for one-time gains and costs, came to 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The data-management software company posted revenue of $74.8 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $69 million.

For the current quarter ending in July, Varonis expects its results to range from a loss of 4 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $82.5 million to $84 million for the fiscal second quarter.

Varonis expects full-year results to range from a loss of 1 cent per share to earnings of 2 cents per share, with revenue ranging from $365 million to $370 million.

Varonis shares have declined slightly more than 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $51.67, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News