CyberArk Announces Third Quarter 2020 Results

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Go back to CyberArk Announces Third Quarter 2020 Results

CyberArk Software (CYBR) Tops Q3 EPS by 2c, Revenues Miss; Offers 4Q Revenue Guidance Below Consensus, 4Q EPS Mid-Point Guidance Below Consensus

November 10, 2020 7:13 AM EST

CyberArk Software (NASDAQ: CYBR) reported Q3 EPS of $0.31, $0.02 better than the analyst estimate of $0.29. Revenue for the quarter came in at $106.6 million versus the consensus estimate of $112.04 million.

Financial Highlights for the Third Quarter Ended September 30, 2020

Revenue:

Total revenue was $106.6 million.License revenue was $45.8 million.Maintenance and professional services revenue was $60.8 million.

Operating Income (Loss):

GAAP operating loss was $(10.5) million and non-GAAP operating income was $13.1 million.

Net Income (Loss):

GAAP net loss was $(15.9) million, or $(0.41) per basic and diluted share.... More