“We believe we have a clear path to our $1 billion ARR target.”

In context

“tomer base continued to serve as a strong source of incremental revenues. And the team had another outstanding quarter, closing a number of significant expansion deals. One of the world's largest auto manufacturers, originally a perpetual customer with only two licenses, significantly expanded their Varonis deployment in Q4. Prompted by the need to comply with regulation and take more strategic approach to securing those sensitive data, they now have a double-digit number of licenses. These are just two examples of how the trend impacting organizations today, fueled by the digital transformation, provides Varonis a long-term opportunity to fulfill its mission of protecting sensitive data for its customers, coupled with our platform innovation and continued investments across the business. We believe we have a clear path to our $1 billion ARR target. I want to thank our team for their great effort and hard work last year and I know I speak for them when I say how excited I am for 2022. With that, let me turn the call over to Guy. Guy? Guy Melamed: Thanks, Yaki. Good afternoon, everyone. Thank you for joining us today. We are extremely pleased with our fourth quarter results. Our continued execution resulted in impressive performance across all key metrics, highlighted by 35% ARR growth to $387.1 million. We also achieved total revenue growth of 33% and non-GAAP operating margin of 17.7%, both ahead of our guidance. Similar to previous years, we showed greater operating leverage in the second half of the year, bringing almost all of our Q4 top line beat down to the bottom line. As we look at the market, we continue to see broad-based d”