“ARR of $484 million to $489 million, representing year-over-year growth of 25% to 26%”

In context

“li shekel which we have partially mitigated through our hedging program for 2022 and is already factored into our guidance. For both the third quarter of 2022 and full year 2022, this headwind is expected to be 200 basis points. With that impact, the midpoint of our operating income guidance now shows year-over-year expansion of approximately 140 basis points for Q3 and year-over-year expansion of approximately 260 basis points for the full year. For the third quarter of 2022, we expect: total revenues of $123 million to $125.5 million, representing growth of 23% to 25%; non-GAAP operating income of $8.5 million to $10 million; and non-GAAP net income per diluted share in the range of $0.05 to $0.06. This assumes 127.1 million 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 $32.5 million to $36.5 million; and non-GAAP net income per diluted share in the range of $0.19 to $0.22. This assumes 126.9 million diluted shares outstanding. In summary, with another quarter of strong top line growth and margin expansion, we are confident in our ability to continue driving durable value creation for all Varonis stakeholders. Looking ahead, we are well positioned to deliver against the enormous market opportunity before us. Thanks for joining us today. And with that, we would be happy to take questions. Operator? Operator: [Operator Instructions] Our first question is from Matt Hedberg with RBC Capital Markets. Matt Hedberg: One question. Okay. Guy, you maint”