04:48 PM EDT, 07/29/2024 (MT Newswires) -- Varonis Systems ( VRNS ) reported Q2 non-GAAP earnings late Monday of $0.05 per share, up from $0.01 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.02.

Revenue for the quarter ended June 30 was $130.35 million, up from $115.42 million a year ago.

Analysts surveyed by Capital IQ expected $124.86 million.

Varonis ( VRNS ) said it expects Q3 non-GAAP income of $0.07 to $0.08 per share on revenue of $140 million to $143 million.

Analysts surveyed by Capital IQ expect $0.03 on revenue of $135.6 million.

Full-year non-GAAP income is now expected to be $0.22 to $0.24 per share, up from the previous guidance of $0.13 to $0.16.

The company is now targeting full-year revenue of $544.0 million to $552.0 million, revised from the prior estimate of $536.0 million to $546.0 million. Analysts surveyed by Capital IQ expect $0.15 on revenue of $542.3 million.

The stock was up more than 8% in extended trading.

Price: 52.40, Change: +3.91, Percent Change: +8.06