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Varonis sees Q2 EPS 0c-1c, consensus 1c

Sees Q2 revenue $175M-$178M, consensus $176.52M. Guy Melamed, Varonis (VRNS) CFO & COO, added, “We are excited by the healthy demand we saw in Q1 from both accelerating new logos and expansion with existing customers. Our Q1 results coupled with the underlying drivers of our business give us the confidence to raise our full-year guidance for total SaaS ARR growth to 27% to 32%. In addition, we increased our guidance for SaaS ARR growth excluding conversions to 20% to 21% and we believe we can sustain this level of growth as a fully SaaS company.”

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