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VRNS: Accelerated SaaS transition and product innovation drive strong growth despite Q3 renewal challenges

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The company accelerated its SaaS transition, now expecting 100% SaaS ARR by end of 2026, with strong growth in SaaS revenue and product innovation. Q3 saw lower on-prem renewals, but SaaS adoption and new offerings like AI security and MDDR are driving future growth.

Based on Varonis Systems, Inc. [VRNS] UBS’s 2025 Global Technology and AI Conference Audio Transcript — Dec. 1 2025

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