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IT

FireEye beats guidance with sales of USD 199 mln in Q1

Thursday 3 May 2018 | 10:30 CET | News
IT security company FireEye reported revenues up 8 percent year-on-year to USD 199 million in the first quarter of 2018, slightly above the company's guidance range of USD 192-197 million. Billings increased by 21 percent to USD 175 million, thanks in part to its shift to a subscription-based model, while the adjusted gross margin came in at 66 percent compared to 64 percent a year earlier. The net loss per share improved to USD 0.39 from a loss of 0.45 in Q1 2017, with cash flow generated by operations improving to USD 9 million from a USD 17 million loss the year earlier.

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Categories: IT
Companies: FireEye
Countries: World
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