CyberArk Announces 35% Year-Over-Year Revenue Increase for Second Quarter
The information security company upped its guidance for 2018 after exceeding quarterly guidance on all metrics
Newton, Massachusetts-headquartered CyberArk Software Ltd. published its second-quarter reports for 2018 on Tuesday, exceeding guidance on all metrics. The company reported quarterly revenues of $77.7 million, a 35% increase year-over-year, bolstered by a 36% year-over-year increase in revenues derived from licenses and a 35% increase in revenues from maintenance and professional services.
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