Varonis Systems (NASDAQ: VRNS) reported Q3 EPS of $0.05, $0.05 better than the analyst estimate of $0.00. Revenue for the quarter came in at $67.1 million versus the consensus estimate of $64.42 million.

Yaki Faitelson, Varonis CEO, said, “We delivered a strong third quarter. We saw solid contribution from both North America and Europe and strength across new and existing customers. Our sustained focus on targeting companies with more than 1,000 employees has led to larger initial commitments, greater upsell opportunities, and larger overall customer lifetime value. The strength of our product portfolio and innovations are enabling Varonis to become a more strategic part of our customers' security initiatives, allowing them to manage risk and protect data wherever it lives. We look forward to continuing this momentum as we close out 2018 and believe we are well positioned to continue to deliver strong growth and profitability.”

GUIDANCE:

Varonis Systems sees FY2018 EPS of $0.11-$0.13, versus the consensus of $0.03. Varonis Systems sees FY2018 revenue of $269.5-271 million, versus the consensus of $266.98 million.

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