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. develops data and AI security software for organizations managing sensitive information across SaaS, IaaS, and hybrid cloud environments. Company news commonly covers the Varonis Data Security Platform, Atlas AI Security Platform, cloud-native security automation, managed detection and response, and controls for data exposure, access governance, data loss prevention, database activity monitoring, identity protection, email security, and AI usage.
Updates also include quarterly financial results and SaaS annual recurring revenue metrics, product launches, security certifications such as Spain’s ENS High level certification, cybersecurity conference activity, channel recognition, and investor presentations.
Varonis Systems reported Q1 2020 results with annual recurring revenues (ARR) of $220.5 million, up 59% over Q1 2019. Subscription revenues surged 191% to $20.4 million, making up 98% of total revenues. Total revenues declined to $54.2 million from $56.4 million, primarily due to COVID-19's impact. The GAAP operating loss widened to ($32.7) million. Varonis holds $126.3 million in cash and expects Q2 revenues between $56 million and $58 million.