Varonis Systems (VRNS) Tops Q2 EPS by 9c

Varonis Systems (NASDAQ: VRNS) reported Q2 EPS of $0.01, $0.09 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $50.2 million versus the consensus estimate of $47.45 million.

Yaki Faitelson, Varonis CEO, said, “This was another strong quarter for Varonis with both license and total revenues increasing 30% or greater. We continue to experience strong demand drivers for our business and are executing well on our key goals of increasing awareness and adoption for our solutions, more effectively targeting companies with 1,000 or more employees with larger customer lifetime values, and innovating to expand the value we deliver to our customers. With the Varonis Data Security Platform, we are delivering a strategic approach to not only protect enterprise data from cyberattacks, but also from insider threats and data breaches.”

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

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