Varonis Systems, Inc. updated earnings guidance for the year 2022. The Company's updated financial outlook reflects the write-off of its Russia business, which it believes will impact the full-year revenue and ARR guidance provided on the Company's February 7, 2022 earnings call by approximately $4 million to $5 million dollars. Despite this, the Company is reaffirming its original full-year guidance for both metrics.

In addition, as discussed on the same earnings call, financial guidance for non-GAAP operating income reflects the weakening of the U.S. dollar against the New Israeli Shekel, which the Company has mitigated through its hedging program for 2022. For the full-year 2022, this headwind is expected to be 200 basis points. For full year 2022, the Company expects: ARR of $484.0 million to $489.0 million, or year-over-year growth of 25% to 26%.

Revenues of $485.0 million to $490.0 million, or year-over-year growth of 24% to 26%.