CLAIM #65049 · Varonis Systems (VRNS) · 2026Q1 earnings call · Apr 28, 2026 · due Dec 31, 2026
“that's worked really well in Q1, and we expect that to continue in the year ahead.”
Guy Melamed · CFO
How to check this claim
Look at: New customer contribution to SaaS revenue/new business (as disclosed by management)
It came true if: New customer contribution continues to grow/accelerate year-over-year through FY2026 quarters, consistent with Q1 trend
Where: Management commentary on quarterly earnings calls (Q2-Q4 FY2026)
In context
“at success in driving new business? Guy Melamed: Saket, you're right. We talked a lot about the fact that the conversions from on-prem subscription to SaaS, we're cannibalizing the time of the reps. And that in 2026, the way we've structured the commission plan and the way we've focused our reps is to go back and focus on upselling SaaS customers with additional products and going into new TAMs and selling new products and selling our SaaS offering to new customers. And we saw an acceleration in the new customer contribution, which we're extremely happy with, and it very much fits with what we were trying to achieve and the strength of the platform. So our sales force is able to go and with the simplicity of the SaaS offering, sell to customers that we wouldn't be able to sell before, and that's worked really well in Q1, and we expect that to continue in the year ahead. Yakov Faitelson: In terms of what's in the market, the reality that for organizations to realize the value from AI for models and agents, they need to connect their organization and information into it. The AI is as good as the data. And this is the biggest problem that we see for organizations. We call it the 3% paradox. It's very hard for them to securely connect the data. So the MDDR becoming this AI detection and response, automated remediation of excessive permissions is the holy grail. If not, just these agents will create and read a massive amount of information that they should never touch. And you also see just a lot of attacks that are AI based, and this is hitting on all cylinders with the value proposition of the platform. You need just foundational security that is automated”
Verify independently
SEC filings for VRNS ↗ · Claim quote is verbatim from the 2026Q1 earnings call.