Varonis: Q2 Earnings Snapshot
By AP News
Published - Jul 29, 2024, 07:04 PM ET
Last Updated - Jul 29, 2024, 07:04 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Monday reported a loss of $23.9 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 21 cents. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The data-management software company posted revenue of $130.3 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $125 million.
