CyberArk reports Q2 EPS 54c, consensus 40c

Reports Q2 revenue $175.84M, consensus $219.11M. “We had a strong quarter, posting record revenue and increasing our profitability, resulting in CyberArk again outperforming our guidance across all metrics,” said Matt Cohen, CyberArk’s Chief Executive Officer. “With the explosion of new identities, new environments, and new attack methods, a new paradigm is needed to protect every identity – human or machine – with the right level of privilege controls. Customers are consolidating on our platform, driving land and expand, as evidenced by the 245 new logos we signed and our net new Subscription ARR of $56 million. Our consistent performance puts us in an elite class of companies that deliver 25 plus percent topline growth, strong profitability and cash flow margins. Given the mission-critical nature of identity security and durable demand for our platform, we are confidently raising our guidance for the full year 2024. We have a tremendous opportunity ahead of us and are well positioned to deliver strong long-term profitable growth.”