The global leader in privileged access security, CyberArk recently announced the strong financial results for the first quarter ended March 31, 2019 with total revenue touching $95.9 million, up 34% compared with the first quarter of 2018.
“We were pleased to deliver results ahead of all guided metrics as well as record cash flow from operations,” said Udi Mokady, CyberArk Chairman and CEO. “Our results demonstrate that Privileged Access Security is the foundation of comprehensive cybersecurity programs. As the leader in the market, organizations of all sizes and industries are turning to CyberArk as a trusted advisor to secure digital transformation and cloud migration strategies. As we look at the remainder of 2019 and beyond, we are committed to delivering sustainable growth, strong profitability and continual innovation to secure privileged access across on-premises, hybrid and cloud environments.”
The company is expecting an total revenue for the year 2019 between $415.0 million and $419.0 million, representing 21% to 22% year-over-year growth as well as plans to achieve an non-GAAP operating income between $100.5 million and $103.5 million.