NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $48.8 million in its first quarter.

The New York-based company said it had a loss of 45 cents per share. Losses, adjusted for stock option expense and amortization costs, were 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The data-management software company posted revenue of $96.3 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $96 million.

For the current quarter ending in July, Varonis expects its results to range from a loss of 2 cents per share to a loss of 1 cent per share.

The company said it expects revenue in the range of $110.5 million to $112 million for the fiscal second quarter.

Varonis expects full-year earnings in the range of 16 cents to 18 cents per share, with revenue ranging from $485 million to $490 million.

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

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