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CYBERARK Exhbit 99.1 CyberArk Announces Strong Second Quarter 2021 Results Total Revenue of $ 117.2 Million Subscription Bookings Mix Reaches 65 % Subscription Portion of Annual Recurring Revenue ( ARR ) of $ 109.5 Million Increased 128 % Year - over - Year ARR of $ 315 Million Grew 35 % Year - over - year Newton , Mass . and Petach Tikva , Israel – August 12 , 2021- CyberArk ( NASDAQ : CYBR ) , the global leader in Identity Security , today announced strong financial results for the second quarter ended June 30 , 2021 . " We are thrilled with our performance in the second quarter , ” said Udi Mokady , CyberArk Chairman and CEO . “ Our momentum continued , and our underlying business growth meaningfully accelerated in the second quarter , driven by robust industry tailwinds and excellence in our execution . A combination of record bookings across all of our SaaS solutions and strong demand for our on - premises subscription offerings resulted in 128 percent growth in the Subscription portion of ARR and 35 percent growth in total ARR . With our push to execute our subscription transition , we achieved a 65 percent subscription booking mix , which was significantly higher than our guidance framework . With the increased headwind from this mix acceleration , we were still able to generate $ 117.2 million in total revenue , above the mid - point of our guidance , which demonstrates that our bookings in the second quarter were well ahead of our expectations . With these exceptional results in the second quarter and our continued leadership position in identity security anchored on privileged access , we are increasing the assumption for total bookings growth underlying our guidance framework for the year . As we look ahead , we are in a great position to execute our strategy and deliver long term - growth and profitability . " Financial Summary for the Second Quarter Ended June 30 , 2021 • • Subscription revenue was $ 27.1 million in the second quarter of 2021 , an increase of 101 percent from $ 13.4 million in the second quarter of 2020 . Maintenance and professional services revenue was $ 62.9 million in the second quarter of 2021 , an increase of 10 percent from $ 57.3 million in the second quarter of 2020 . Total revenue was $ 117.2 million in the second quarter of 2021 , up 10 percent from $ 106.5 million in second quarter of 2020 . GAAP operating loss was $ ( 23.4 ) million and non - GAAP operating income was $ 2.0 million in the second quarter of 2021 . GAAP net loss was $ ( 22.8 ) million , or $ ( 0.58 ) per basic and diluted share , in the second quarter of 2021. Non - GAAP net income was $ 0.3 million , or $ 0.01 per diluted share , in the second quarter of 2021 . Balance Sheet and Net Cash Provided by Operating Activities • • As of June 30 , 2021 , CyberArk had $ 1.2 billion in cash , cash equivalents , marketable securities , and short - term deposits . As of June 30 , 2021 , total deferred revenue was $ 275.0 million , a 22 percent increase from $ 225.7 million at June 30 , 2020 . During the six months ended June 30 , 2021 , the Company generated $ 49.5 million in net cash provided by operating activities , compared to $ 53.3 million in the first six months of 2020 .