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CyberArk Software Q2: Revenue Jumps 28% With Strong Subscription Growth, 2024 Outlook Raised

CyberArk Software Ltd (NASDAQ:CYBR) reported fiscal second-quarter 2024 revenue growth of 28% year-on-year to $224.7 million, beating the analyst consensus estimate of $219.1 million.  The information security company posted an adjusted EPS of 54 cents, which beat the analyst consensus estimate of 40 cents. The stock price gained after the print. Segments: Revenues from Subscriptions expanded 49% Y/Y to $158.4 million. Maintenance and professional services were $62.7 million vs. $64.6 million Y/Y. Key Performance Indicators: Annual Recurring Revenue (ARR) increased 33% Y/Y to $868 million. The subscription portion of ARR was $677 million, implying a 50% Y/Y growth.  The Maintenance portion of ARR ...