Proofpoint Announces Fourth Quarter and Full Year 2016 Financial Results
finance.yahoo.com
Fourth Quarter Highlights
Total revenue of $106.8 million, up 43% year-over-year
Billings of $138.4 million, up 42% year-over-year
GAAP EPS of $(0.54) per share, Non-GAAP EPS of $0.18 per share
Generated operating cash flow of $41.2 million and free cash flow of $32.4 million
Increasing FY17 billings, revenue, profitability and free cash flow guidance
“We were very pleased with our strong fourth quarter results, which capped off another record year for the company,” stated Gary Steele, chief executive officer of Proofpoint. “During the quarter, the better-than-expected results were driven by the ongoing robust demand for our advanced threat solutions, high competitive win rates, traction with new products, robust add-on activity and consistently high renewal rates. The company remains well-positioned to maintain momentum in 2017 and beyond as enterprises continue to select Proofpoint’s cloud-based advanced threat protection solution over legacy alternatives, given our proven capability in handling today’s advanced security threats.” |
