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Varonis Suffers Revenue Decline Due to Subscription Growth

TheMotleyFool

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Varonis Suffers Revenue Decline Due to Subscription Growth

Data security and analytics provider Varonis Systems (NASDAQ: VRNS) reported its second-quarter results after the market closed on July 29. Revenue declined due to the company's aggressive shift to subscriptions, and that decrease is expected to worsen in the third quarter. The bottom line dropped deep into negative territory for the same reason, and Varonis is expecting a big loss for the full year.

Metric

Q2 2019

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