NEW YORK (AP) — NEW YORK (AP) — Varonis Systems Inc. (VRNS) on Tuesday reported a loss of $35.8 million in its first quarter.
On a per-share basis, the New York-based company said it had a loss of 32 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The data-management software company posted revenue of $136.4 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $133.2 million.
For the current quarter ending in June, Varonis said it expects revenue in the range of $145 million to $150 million.
The company expects full-year earnings in the range of 14 cents to 17 cents per share, with revenue ranging from $610 million to $625 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRNS at https://www.zacks.com/ap/VRNS
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
