Varonis Announces First Quarter 2020 Financial Results
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Varian Medical Systems (VRNS) Tops Q2 EPS by 3c; Offers 2Q EPS Guidance Above Consensus
May 4, 2020 4:28 PM EDTVarian Medical Systems (NASDAQ: VRNS) reported Q2 EPS of ($0.56), $0.03 better than the analyst estimate of ($0.59). Revenue for the quarter came in at $54.2 million versus the consensus estimate of $54.05 million.
Financial Summary for the First Quarter Ended March 31, 2020
Subscription revenues increased 191% to $20.4 million, or 98% of total license revenues, compared with $7.0 million, or 31% of total license revenues, in the first quarter of 2019. Maintenance and services revenues were $33.4 million, compared with $33.8 million in the first quarter of 2019.Total revenues were $54.2 million, compared to $56.4 million in the first quarter of 2019, primarily reflecting... More