“non-GAAP operating income of $20.6 million to $22.6 million; non-GAAP net income per diluted share in the range of $0.26 to $0.27.”

In context

“nerated in the same period last year and CapEx was $2.3 million compared to $2.9 million last year. Turning now to our updated guidance in more detail. For the fourth quarter of 2024, we expect total revenues of $162 million to $167 million, representing growth of 5% to 8%; non-GAAP operating income of $20 million to $22 million; and non-GAAP net income per diluted share in the range of $0.13 to $0.14. This assumes 135 million diluted shares outstanding, which includes 6.8 million shares related to the issuance of convertible notes maturing in 2029. For the full year 2024, we now expect ARR of $635 million to $639 million, representing growth of 17% to 18%; free cash flow of $95 million to $100 million; total revenues of $554.4 million to $559.4 million, representing growth of 11% to 12%; non-GAAP operating income of $20.6 million to $22.6 million; non-GAAP net income per diluted share in the range of $0.26 to $0.27. This assumes 134.9 million diluted shares outstanding. In summary, when looking at the quarter, this was our strongest performance across the business since embarking on the SaaS transition. This strength was driven by Varonis SaaS, the strong reception to MDDR, and the secular tailwinds benefiting our business. The growing demand for Varonis is strengthening our ARR performance and cash flow generation, and these tailwinds position us to unlock meaningful value for our customers, our company, and our shareholders. With that, we would be happy to take questions. Operator? Operator: [Operator Instructions]. The first question is from Matt Hedberg from RBC. Matthew Hedberg: Congrats on the results. Yaki, there's a lot of left unpacked. It's hard to think about one question here, but I guess”