CLAIM #64715 · Varonis Systems (VRNS) · 2022Q1 earnings call · May 2, 2022 · due Dec 31, 2022
“we expect ARR of $484 million to $489 million, representing year-over-year growth of 25% to 26%”
Guy Melamed · CFO
How to check this claim
Look at: Annual Recurring Revenue (ARR) at fiscal year-end 2022
It came true if: ARR between $484 million and $489 million
Where: Company earnings release / Q4 2022 shareholder letter (ARR disclosure)
In context
“kel. On a constant currency basis, the midpoint of our guidance shows expansion of approximately 140 basis points year-over-year. In the second quarter of 2022, the impact is a 300-basis point headwind, and on a constant currency basis, the midpoint shows expansion of approximately 225 basis points year-over-year. For the second quarter of 2022, we expect: Total revenues of $110.5 million to $112.0 million, representing growth of 25% to 27%. I would point out this excludes approximately $1 million dollars of revenues from Russia, which we previously expected; non-GAAP operating income of breakeven to $1 million dollars; and non-GAAP net loss per basic and diluted share in the range of $0.02 to $0.01. This assumes 109.7 million basic and diluted shares outstanding. For the full year 2022, we expect ARR of $484 million to $489 million, representing year-over-year growth of 25% to 26%; total revenues of $485 million to $490 million, representing growth of 24% to 26%; non-GAAP operating income of $27 million to $30 million dollars; and non-GAAP net income per diluted share in the range of $0.16 to $0.18. This assumes 127.3 million diluted shares outstanding. In summary, we intend to capitalize on the strong demand environment we see, which will enable us to further expand our market leadership as we execute on our long-term strategy to drive topline growth, margin expansion and cash flow generation. Thanks for joining us today, and with that, we would be happy to take questions. Operator. Operator: Thank you. [Operator Instructions]. Thank you, our first question comes from Matt Hedberg with RBC Capital Markets. Please proceed with your question. Matt Hedberg: Hi guys!”
Verify independently
SEC filings for VRNS ↗ · Claim quote is verbatim from the 2022Q1 earnings call.