Tufin (TUFN) Tops Q2 EPS by 9c

Tufin (NYSE: TUFN) reported Q2 EPS of ($0.22), $0.09 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $25.7 million versus the consensus estimate of $23.14 million.

“We are pleased to deliver another quarter of year-over-year revenue growth, with the subscription transition in the second quarter progressing ahead of our forecast,” said Ruvi Kitov, Tufin’s CEO and Co-Founder. “We expanded our security policy management capabilities, with the announcement of the Tufin Orchestration Suite R21-2 and the new additions to the marketplace for rule life cycle management. I am encouraged by our progress thus far in 2021, and believe we are well-positioned for the second half of the year.”

Kitov added, “Early indications give us confidence in our strategic direction and the effectiveness of our transformation. We continue to remain agile as we execute our long-term strategy to transition our business to a subscription revenue model while driving long-term value for all of our stakeholders.”

For earnings history and earnings-related data on Tufin (TUFN) click here.

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