MAAT INDEX

CLAIM #64657 · Varonis Systems (VRNS) · 2021Q1 earnings call · May 3, 2021 · due Dec 31, 2022

Correct. We are not selling any new for perpetual licenses.

Guy Melamed · CFO

PENDING
graded after results covering Dec 31, 2022 are reported

How to check this claim

Look at: New perpetual license sales (revenue from new, not existing-customer add-on, perpetual licenses)

It came true if: Company reports $0 / no new perpetual license sales during the period

Where: Company financial statements and management commentary (10-K/10-Q revenue breakdown, earnings call disclosures)

In context

ng back to our existing customers and trying to convert the maintenance of perpetual to subscription licenses. We're just selling additional licenses with those existing customers on top; we're really not getting any new fuel on that maintenance line item. And as I said before, the professional services was really kind of the biggest impact there because of that decline in the – significant decline in professional services that is coming from us letting partners do more of the professional services and also the fact that the licenses are geared towards automation. So we really don't expect that line item to increase, and there'll be obviously some fluctuations with the professional services. Shebly Seyrafi: To be clear, even next year, you don't think it will increase, right? Guy Melamed: Correct. We are not selling any new for perpetual licenses. Shebly Seyrafi: Okay. Thank you. Guy Melamed: Thank you. Operator: Our next question is from Erik Suppiger with JMP. Please proceed with your question. Erik Suppiger: Yes. Thanks for taking my question. I wanted to come back to Office 365. Can you talk a little bit about how much of your business is associated with Office 365? And did the exchange hack. Did that create a catalyst for your products related to it? Or was that an impediment to your products that provide additional security there? Yaki Faitelson: Our offering is mainly associated with data. We have a lot of critical data in 365 applications and servers that are residing in AGU. Regarding the change bridge, what is happening with exchange in solar winds and many others, every week you have something, suggest that organizations

Verify independently

SEC filings for VRNS · Claim quote is verbatim from the 2021Q1 earnings call.