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Investing.com -- CyberArk Software (ETR:SOWGn) Ltd. reported mixed first-quarter results on Tuesday, with revenue beating expectations but earnings falling short. The company’s shares slipped 1.5% following the announcement.
CyberArk posted adjusted earnings per share of $0.75 for the first quarter of 2025, missing the analyst consensus of $0.79. However, revenue came in at $318 million, surpassing the estimated $305.22 million and representing a 43% YoY increase from $221.6 million in the same quarter last year.
The company’s total Annual Recurring Revenue (ARR) reached $1.215 billion, up 50% from $811 million in the year-ago period. The subscription portion of ARR grew to $1.028 billion, accounting for 85% of total ARR.
"CyberArk delivered a strong start to 2025, highlighting the power of our unified platform and the durability of our business model," said Matt Cohen, Chief Executive Officer of CyberArk. "In Q1, total ARR reached $1.215 billion, driven by robust net new ARR of $46 million."
For the second quarter of 2025, CyberArk expects revenue between $312 million and $318 million, above the consensus estimate of $310.2 million. The company projects adjusted EPS in the range of $0.74 to $0.81, compared to analysts’ expectations of $0.77.
Looking ahead to the full year 2025, CyberArk forecasts revenue of $1.313 billion to $1.323 billion, in line with the consensus of $1.316 billion. The company also anticipates ARR to reach between $1.410 billion and $1.420 billion by the end of 2025, representing 21% growth from the previous year.