Cuts FY23 revenue view to $495M-$499M from $497M-$503M, consensus $500.59M. Guy Melamed, Varonis CFO & COO, added, “We continue to see solid demand from both new and existing customers who wish to consume Varonis through our SaaS platform, which is reflected by our third quarter SaaS mix of 59% versus our guidance of 45% and significant existing customer conversions. This is benefiting our ARR performance and cash flow generation and positions us for a strong fourth quarter.”
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