Varonis Announces Second Quarter 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil prices fall as investors focus on Hormuz flows after peace talks
- SpaceX slides, tech stocks dip — what’s moving markets
- Deutsche Bank cuts gold outlook as Fed repricing weighs on prices
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Varonis Systems (VRNS) Tops Q3 EPS by 20c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
August 3, 2020 4:14 PM EDTVaronis Systems (NASDAQ: VRNS) reported Q3 EPS of ($0.15), $0.20 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $66.57 million versus the consensus estimate of $56.99 million.
Financial Summary for the Second Quarter Ended June 30, 2020
Subscription revenues increased 130% to $34.1 million, or more than 99% of total license revenues, compared with $14.8 million, or 56% of total license revenues, in the second quarter of 2019. Maintenance and services revenues were $32.2 million, compared with $33.3 million in the second quarter of 2019.Total revenues increased 12% to $66.6 million, compared to $59.6 million in the second quarter of 2019, despite the... More