Varonis Systems (NASDAQ: VRNS) saw its stock surge 5.94% in after-hours trading on Tuesday, following the release of its impressive first-quarter earnings report and optimistic future guidance. The data security and analytics company outperformed analyst expectations, demonstrating strong growth and improved financial performance.
For the first quarter of 2025, Varonis reported revenue of $136.42 million, representing a 19.65% increase from the same period last year and beating the analyst consensus estimate of $133.06 million. The company also achieved a breakeven non-GAAP earnings per share, a significant improvement from the $0.03 loss per share reported in the previous year and surpassing the anticipated loss of $0.05 per share.
Adding to the positive sentiment, Varonis provided an encouraging outlook for both the second quarter and full year 2025. For Q2, the company expects revenue between $145.0 million and $150.0 million, with non-GAAP earnings per share ranging from $0.00 to $0.01. The full-year 2025 guidance projects revenue of $610 million to $625 million and non-GAAP earnings per share between $0.14 and $0.17. These projections align well with or slightly exceed analyst expectations, further boosting investor confidence in the company's growth trajectory and financial health.