Varonis Systems, Inc. (NASDAQ: VRNS) reported Q1 EPS of ($0.30), $0.14 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $17.5 million versus the consensus estimate of $16.17 million.

Varonis Systems, Inc. sees Q2 2014 EPS of ($0.18)-($0.16), versus the consensus of ($0.18). Varonis Systems, Inc. sees Q2 2014 revenue of $22.9-23.4 million, versus the consensus of $22.85 million.

Varonis Systems, Inc. sees FY2014 EPS of ($0.63)-($0.57), versus the consensus of ($0.68). Varonis Systems, Inc. sees FY2014 revenue of $96.5-98 million, versus the consensus of $95.26 million.

Yaki Faitelson, Varonis CEO, said, "I am very pleased with the Company's strong first quarter financial performance. We continue to achieve meaningful growth across both new and existing customers, driven by the investments we have made to expand our sales teams as well as broaden our product offerings to address an ever-growing set of use cases. Organizations of all sizes are seeing rapid growth in the volume of human-generated data, which are typically the most valuable and sensitive files a company has. The growth of this data carries big opportunities as well as serious threats, and our solutions enable companies to realize value from their human-generated data, manage it efficiently and protect it effectively."

Financial Highlights for the First Quarter Ended March 31, 2014 Revenues:

Total revenues were $17.5 million, up 39% compared with the first quarter

For earnings history and earnings-related data on Varonis Systems, Inc. (VRNS) click here.