Welcome to our dedicated page for Varonis Sys news (Ticker: VRNS), a resource for investors and traders seeking the latest updates and insights on Varonis Sys stock.
Varonis Systems Inc (VRNS) provides critical cybersecurity solutions focused on protecting human-generated data across cloud and hybrid environments. This dedicated news hub offers investors and security professionals centralized access to official announcements, financial updates, and strategic developments from the data protection leader.
Track VRNS press releases covering quarterly earnings, product innovations, partnership agreements, and industry recognitions. Our curated collection ensures timely updates on the company’s cloud-native security platform, SaaS transition progress, and advancements in AI-driven data classification technology.
Key content categories include:
Financial disclosures: Earnings calls and SEC filings
Product updates: Platform enhancements and new capabilities
Strategic moves: Partnerships and market expansions
Industry analysis: Data security trends impacting VRNS operations
Bookmark this page for streamlined monitoring of Varonis’ evolving role in combating cyber threats through automated remediation and access governance solutions. Check regularly for authoritative updates directly impacting the company’s position in the $200B+ cybersecurity market.
Varonis Systems, Inc. (Nasdaq: VRNS) announced impressive first quarter 2024 financial results with total revenues of $114.0 million, SaaS revenues of $34.0 million, and annual recurring revenues of $560.3 million, marking a 17% year-over-year growth. The company reported strong demand for their SaaS platform, resulting in 30% of total ARR coming from SaaS. Varonis also generated $56.7 million cash from operations and $56.4 million free cash flow year-to-date. However, there was a GAAP operating loss of ($47.6) million and a non-GAAP operating loss of ($10.6) million, signaling room for improvement in profitability.
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