| 2018-08-07 16:11:55|
CYBR 16:11 08/07 08/07/18
CyberArk reports Q2 EPS 36c, consensus 24c
Reports Q2 revenue $77.7M, consensus $72.91M. The company said, "CyberArk had a great second quarter. We exceeded our guidance across all metrics. We posted strong revenue growth, profitability and operating cash flow. Our growth was driven by strong execution and robust demand from both new and existing customers across all geographies. We were thrilled to sign nearly 200 new logos in the second quarter bringing our total number of customers to more than 4,000, which demonstrates that we are still in the early innings of our market opportunity. In addition, the significant value our solution provides coupled with our unwavering commitment to customer satisfaction drove our add on business during the quarter. Given our strong execution in the first half of the year and our tremendous market opportunity, we are positioned well for the remainder of 2018."