Varonis Announces Second Quarter 2019 Financial Results
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Varonis Systems (VRNS) Tops Q2 EPS by 2c; Provides Q3 & FY19 EPS Outlook
July 29, 2019 4:47 PM EDTVaronis Systems (NASDAQ: VRNS) reported Q2 EPS of ($0.30), $0.02 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $59.6 million versus the consensus estimate of $62.34 million.
Yaki Faitelson, Varonis CEO, said, Our subscription transition has been both rapid and impressive, as 56% of our license revenues were from subscription products in the second quarter, compared with our guidance of 25%. We saw strong subscription adoption from customers globally, with the subscription percentage for both North America and EMEA in line with the reported mix. We are raising our expectations for our full year... More
