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Varonis reports Q1 EPS 1c, consensus (5c)

Reports Q1 revenue $136.423M, consensus $133.26M. Yaki Faitelson, Varonis (VRNS) CEO, said, “Our first quarter results reflect the momentum of our SaaS platform as well as the many tailwinds that are contributing to the growth in our business, including MDDR and Generative AI. Our solution has never been more relevant, and we look forward to completing our SaaS transition this year which will unlock many more benefits for our customers and our company as we execute on our significant market opportunity.”

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