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CyberArk Posts Strong Growth in Q1 2024
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CyberArk Posts Strong Growth in Q1 2024

Cyberark (CYBR) has released an update.

CyberArk reports a robust first quarter in 2024 with a 54% increase in Subscription Annual Recurring Revenue (ARR) to $621 million and a 37% rise in total revenue to $221.6 million. The company has experienced significant growth in net cash from operating activities, reaching $68.6 million, and has raised its full-year financial guidance across all metrics. These results underscore CyberArk’s position as a leader in identity security, with a focus on innovation and addressing the critical need for secure identity controls.

For further insights into CYBR stock, check out TipRanks’ Stock Analysis page.

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