CyberArk Software Ltd. (NASDAQ:CYBR) Q4 2022 Earnings Call Transcript

Josh Siegel: No. I think you said it well in terms of how we built our expectations for the year. I would also add that in our 2023 guide, it actually even includes a $20 million headwind when we think about the kind of the last a bit of the transition as we go from kind of the high 80% mix in 2022 to well over 90% mix into 2023. And so I think when you combine all that, I think that we’re confident about where we’re headed. And if our business trends remain as they are, well, we have the durability of demand and pipeline to support possibly even faster growth.

Operator: This concludes the Q&A session. I will now turn the call over to Udi Mokady for closing remarks.

Udi Mokady: All right. Udi Mokady for the record, but it’s all good. So I really want to thank everyone for the warm congrats that we saw throughout the call, we all really appreciate and the support of , as you saw in journey. We’re just getting started. We’re very excited about the year ahead. And again, we had another strong quarter, demonstrating that durable demand that we talked about and our platform selling momentum in the market positioning us very well for 2023. So thank you to our customers, first and foremost, and partners that are the cornerstone of our success. And I want to extend special appreciation to the entire CyberArk crew around the world. for the hard work and strong execution, very mission-driven team. So thank you very much.

Operator: Thank you for joining today’s call. You may now disconnect.