- Varonis press release (NASDAQ:VRNS): Q2 Non-GAAP EPS of $0.05 beats by $0.07.
- Revenue of $130.35M (+12.9% Y/Y) beats by $5.49M.
- Annual recurring revenues grew 18% year-over-year
- SaaS ARR as a percentage of total ARR was approximately 36%
- Year-to-date cash from operations generated $68.4 million vs. $42.6 million last year
- Year-to-date free cash flow generated $67.3 million, vs. $40.0 million last year.
- Q3 Outlook: Revenues of $140.0 million to $143.0 million, or year-over-year growth of 14% to 17%.
- Non-GAAP operating income of $7.0 million to $8.0 million.
- Non-GAAP net income per diluted share in the range of $0.07 to $0.08, based on 128.2 million diluted shares outstanding.
- 2024 Outlook: ARR of $629.0 million to $635.0 million, or year-over-year growth of 16% to 17%.
- Free cash flow of $80.0 million to $85.0 million.
- Revenues of $544.0 million to $552.0 million, or year-over-year growth of 9% to 11%.
- Non-GAAP operating income of $18.0 million to $21.0 million.
- Non-GAAP net income per diluted share in the range of $0.22 to $0.24, based on 128.1 million diluted shares outstanding.
- Shares +7.26%.
#Varonis #NonGAAP #EPS #beats #revenue #130.35M #beats #5.49M
