NEW YORK (AP) _ Varonis Systems Inc. (VRNS) on Monday reported a loss of $24.3 million in its second quarter.
The New York-based company said it had a loss of 77 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 15 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The data-management software company posted revenue of $66.6 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $57.1 million.
For the current quarter ending in October, Varonis expects its results to range from a loss of 14 cents per share to a loss of 11 cents per share.
The company said it expects revenue in the range of $68 million to $71 million for the fiscal third quarter.
Varonis shares have climbed 37% since the beginning of the year. In the final minutes of trading on Monday, shares hit $106.10, a rise of 46% in the last 12 months.