CyberArk Announces Strong Second Quarter 2018 Results

CyberArk

CyberArk, (NASDAQ: CYBR), the global leader in privileged access security, today announced financial results for the second quarter ended June 30, 2018.

“CyberArk had a great second quarter,” said Udi Mokady, CyberArk Chairman and CEO.  “We exceeded our guidance across all metrics.  We posted strong revenue growth, profitability and operating cash flow.  Our growth was driven by strong execution and robust demand from both new and existing customers across all geographies.  We were thrilled to sign nearly 200 new logos in the second quarter bringing our total number of customers to more than 4,000, which demonstrates that we are still in the early innings of our market opportunity.

  In addition, the significant value our solution provides coupled with our unwavering commitment to customer satisfaction drove our add on business during the quarter. Given our strong execution in the first half of the year and our tremendous market opportunity, we are positioned well for the remainder of 2018.”

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