Non-GAAP EPS of $0.16 beat the consensus of $0.12.
Segments: Revenues from Subscriptions expanded 86% Y/Y to $88.5 million. Maintenance and professional services rose 1.5% Y/Y to $66.1 million.
Key Performance Indicators: Annual Recurring Revenue (ARR) increased 45% Y/Y to $570 million. The subscription portion of ARR was $364 million, implying a 99% Y/Y growth.
The Maintenance portion of ARR was $206 million signifying a 1.9% Y/Y decline.
Recurring revenue grew 39% Y/Y to $142.6 million, and the company added more than 380 new customers. CyberArk reached a 90% subscription booking mix.
CyberArk held $926.4 million in cash and equivalents.
CEO Transition: Founder, Chair, and CEO Udi Mokady became the Executive Chair of the Board effective April 3. Current COO Matthew Cohen will become the CEO and join the board of directors.
Outlook: CyberArk sees Q1 revenue of $160 million – $164 million versus the consensus of $163.82 million.
It sees non-GAAP EPS loss of $(0.30) – $(0.23) below the consensus loss of $(0.11).
CyberArk sees FY23 revenue of $724 million – $736 million versus the consensus of $725.76 million.
CyberArk saw non-GAAP EPS of $0.07 – $0.28 above the consensus of $0.02.
Price Action: CYBR shares traded higher by 4.54% at $156.00 in premarket on the last check Thursday.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
