Cybersecurity companies Gen Digital Inc., previously known as NortonLifeLock Inc., and CyberArk Software Ltd. reported mixed results today in their quarterly earnings reports.

For its fiscal fourth quarter that ended March 31, Gen Digital reported earning before costs such as stock compensation of 46 cents per share, level with a year ago, on revenue of $948 million, up 32% year-over-year. Analysts were expecting adjusted earnings of 44 cents on revenue of $940 million.

Gen Digital said its bookings rose 29% year-over-year, to $1.02 billion, while operating income rose 38%, to $541 million. The company’s operating margin of 57.1% was up 2.6 percentage points.

For its full fiscal year, Gen Digital reported adjusted earnings per share of $1.81, up 4% year-over-year, on revenue of $3.3 billion, up 19%. Bookings rose 17%, to $3.2 billion, and operating income rose 24%, to $1.8 billion.

For the first quarter of Gen’s fiscal year 2024, the company expects adjusted earnings of 45 to 47 cents per share on revenue of $940 million to $950 million.

For its fiscal first quarter of 2023, CyberArk reported an adjusted loss of 17 cents per share with a loss of 30 cents per share in the same quarter of last year. Revenue rose 27%, to $161.7 million. Analysts had expected an adjusted loss of 26 cents per share on revenue of $162.47 million.

The company reported maintenance and professional services revenue in the quarter of $65.1 million, the same figure as last year, while the company’s perpetual license revenue dropped to $3.6 million from $10.6 million. Reflecting its shift to cloud-based services, subscription revenue grew 78% year-over-year, to $92.7 million.

As of the end of March, annual recurring revenue sat at $604 million, up 42% year-over-year, driven by subscription revenue ARR rising 84%, to $403 million. CyberArk has $1.2 billion in cash, cash equivalents, marketable securities and short-term deposits as of the end of the quarter.

“Our results in the first quarter demonstrate the durability of our business model and the mission criticality of our Identity Security platform,” Matt Cohen, CyberArk’s chief executive officer, said in the company’s earnings release. “Demand for our SaaS solutions remains strong, resulting in our subscription bookings mix reaching an all-time high of 95%, higher than our guidance framework.”

For its fiscal second quarter of 2023, CyberArk expects an adjusted loss of between nine and 19 cents per share on revenue of $170 million to $175 million. For the full year, it expects to adjusted net income per share of 16 to 38 cents on revenue of $724 million to $736 million.

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