Varonis Systems Inc

VRNS: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
SD@LOCK|D?YLOCK|@Pl@tNg

Varonis Earnings: Strong Execution on Model Transition Continues With Transition Set to Accelerate

Varonis reported solid financial results to close 2024. While annual comparisons remain affected by Varonis' transition to a cloud-based software-as-a-service model, the transition itself appears to be going well, with SaaS constituting 53% of the annual recurring revenue, up from 23% last year.

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