Brief

CyberArk Revenues Up 31% in 2018

The information security company reported $109.1 million in revenue for the fourth quarter of 2018, up 36% year over year and exceeding analysts’ expectations of $95.94 million

Petah Tikva-headquartered information security company CyberArk Software Ltd. reported Thursday $109.1 million in revenue for the fourth quarter of 2018, up 36% compared to the same period last year and exceeding analysts’ expectations of $95.94 million. The company reported $343.2 million in revenue for 2018 as a whole, up 31% compared with 2017. For the first quarter of 2019, Nasdaq-listed CyberArk expects between $91 million and $93 million in revenues, up 27%-30% compared with the same period in 2018. For 2019, the company expects between $411 million and $415 million in revenues.

 

CyberArk founder and CEO Udi Mokady. Photo: Amit Sha'al