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CLAIM #64679 · Varonis Systems (VRNS) · 2021Q3 earnings call · Nov 1, 2021 · due Dec 31, 2021

We now expect non-GAAP operating income of $19.5 million to $21.5 million and non-GAAP net income per diluted share in the range of $0.10 to $0.11.

Guy Melamed · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
non-GAAP operating income of $19.5 million to $21.5 million and non-GAAP net income per diluted share in the range of $0.10 to $0.11
Reported
Our full year operating margin was 6.5% compared to negative 1.5% for 2020

How to check this claim

Look at: Full-year non-GAAP operating income, fiscal year 2021

It came true if: Full-year non-GAAP operating income between $19.5 million and $21.5 million

Where: Company press release / non-GAAP reconciliation (Q4 2021 earnings release)

In context

vation and capacity will allow us to capture the opportunities we see in the market. Moving to our guidance. We believe the strength of our Q4 financial guidance, especially against our outstanding performance in Q4 2020, reflects our ability to continue capitalizing on the growing demand for our platform. For the fourth quarter of 2021, we expect total revenues of $120 million to $123 million, representing growth of 26% to 29%. We expect non-GAAP operating income of $16.5 million to $18.5 million and non-GAAP net income per diluted share in the range of $0.12 to $0.13. This assumes 119.8 million diluted shares outstanding. For the full year, we are again meaningfully raising our guidance and now expect total revenues of $383.5 million to $386.5 million, representing growth of 31% to 32%. We now expect non-GAAP operating income of $19.5 million to $21.5 million and non-GAAP net income per diluted share in the range of $0.10 to $0.11. This assumes 118 million diluted shares outstanding. In summary, we are pleased with our third quarter results as the ongoing execution of our go-to-market strategy continues to drive top line growth, operating margin expansion and cash flow generation while also resulting in our first quarter with $100 million in revenues. We are proud of this milestone, and we know that continued outperformance and investment in the business positions us for a strong close to the year and the next milestones to come. Thanks for joining us today. And with that, we would be happy to take questions. Operator? Operator: Thank you. We will now be conducting a question-and-answer session. [Operator Instructions]. Thank you. Our first question comes from Sterling Auty with JPMorgan. Please proceed with your qu

Verify independently

SEC filings for VRNS · Claim quote is verbatim from the 2021Q3 earnings call.