“Our top and bottom line outperformance in the first quarter was driven by solid execution and strong demand for privileged account security,” said Udi Mokady, CyberArk CEO. “The breadth of customers and partners turning to CyberArk to protect privileged accounts and credentials demonstrates that every organization regardless of size or vertical needs this critical new layer of security. We believe our disciplined investments will enable us to continue to extend our leadership position, capture share in this greenfield market and deliver profitable growth.”
Total revenue was $46.9 million, up 43% compared with the first quarter of 2015.
License revenue was $27.5 million, up 38% compared with the first quarter of 2015.
Maintenance and Professional Services revenue was $19.4 million, up 50% compared with the first quarter of 2015.
Non-GAAP net income was $8.3 million, or $0.23 per diluted share, compared to $5.7 million, or $0.16 per diluted share, in the first quarter of 2015.
Annnnnnd what seems to be the typical Mr. Market response for small cap tech companies these days, CYBR is down ~4% in after-hours trading, despite beating Q1 guidance, increasing 2016 guidance, and actually making positive income!
As someone probably a heck of a lot wiser than me stated on the SHOP board today after someone lamented on how SHOP went down in a somewhat similar fashion, “you have to expect the shares of companies like SHOP (small, growing quickly, losing money) to be volatile. And that sometimes means heading in a direction you don’t expect.”
But CYBR is actually making money!! smh.
*Long means long, as in a LOT of time. A.k.a., a metric-blank-ton of quarterly reporting. Anything that happens in between is liable to not make sense or reflect a companies actual value or growth or anything.
CYBR is down ~4% in after-hours trading, despite beating Q1 guidance, increasing 2016 guidance, and actually making positive income!
Hi Wy Taay,
CYBR increased earnings well over 50% in each of the last six quarters (at least, ten quarters is as far as I go back). So this quarter is a definite slow down, and when you have a PE of 40, people aren’t looking for a slowdown.