CyberArk Announces First Quarter 2020 Results

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Go back to CyberArk Announces First Quarter 2020 Results

CyberArk Software (CYBR) Tops Q1 EPS by 14c, Revenues Beat; Offers 2Q EPS Guidance Below Consensus, Withdraws FY20 Revenue Guidance

May 13, 2020 7:06 AM EDT

CyberArk Software (NASDAQ: CYBR) reported Q1 EPS of $0.50, $0.14 better than the analyst estimate of $0.36. Revenue for the quarter came in at $106.8 million versus the consensus estimate of $105.63 million.

Financial Highlights for the First Quarter Ended March 31, 2020

Revenue:

Total revenue was $106.8 million, up 11% compared with the first quarter of 2019.License revenue was $51.7 million, up from $51.3 million in the first quarter of 2019.Maintenance and professional services revenue was $55.2 million, compared to $44.7 million in the first quarter of 2019.

Operating Income:

GAAP operating income was $2.6 million, compared to $13.6... More