2023-07-31 16:12:00 ET
- Varonis press release ( NASDAQ: VRNS ): Q2 Non-GAAP EPS of $0.01 misses by $0.01 .
- Revenue of $115.4M (+3.5% Y/Y) misses by $3.87M .
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For the third quarter of 2023, the Company expects:
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Revenues of $123.5 million to $127.0 million, or year-over-year growth of 0% to 3%.
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Non-GAAP operating income of $1.0 million to $2.0 million.
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Non-GAAP net income per diluted share in the range of $0.02 to $0.03, based on 127.1 million diluted shares outstanding.
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For full year 2023, the Company now expects:
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ARR of $529.0 million to $535.0 million, or year-over-year growth of 14% to 15%.
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Free cash flow of $40.0 million to $45.0 million.
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Revenues of $497.0 million to $503.0 million, or year-over-year growth of 5% to 6%.
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Non-GAAP operating income of $19.0 million to $22.0 million.
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Non-GAAP net income per diluted share in the range of $0.21 to $0.23, based on 126.8 million diluted shares outstanding.
For further details see:
Varonis Non-GAAP EPS of $0.01 misses by $0.01, revenue of $115.4M misses by $3.87M