CyberArk Reports Record Revenue, Ups Full-Year Guidance

CyberArk Software (CYBR) has released an update.

CyberArk Software, the identity security company, has reported a robust second quarter for 2024, with a record total revenue of $224.7 million, marking a 28% year-over-year increase. The company’s subscription revenue soared by 49% to $158.4 million, contributing to a total annual recurring revenue (ARR) growth of 33% to $868 million. Encouraged by these strong financials and the surge in subscription ARR, CyberArk has raised its full-year guidance, signaling confidence in its continued growth trajectory.

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