FireEye lifts revenues but widens loss in Q4

Friday 9 February 2018 | 15:39 CET | News

IT security company FireEye reported revenues up 10 percent year-on-year to USD 202.3 million, above the company’s guidance range of USD 190-196 million. Billings increased by 9 percent to USD 242.2 million, also above guidance, while the adjusted gross margin went higher to 75 percent from 74 percent, in line. The net loss per share meanwhile widened to USD 0.42 from a loss of 0.37 while cash flow generated by operations advanced to USD 33.6 million from 6.9 million the year earlier. 

For the full year, revenues, increased by 5 percent to USD 75.1 million, with billings down 6 percent to USD 768.3 million and the adjusted gross margin going higher to 74 percent from 73 percent. The net loss per share meanwhile narrowed to USD 1.71 from 2.94 while the net cash generated by operations lifted to USD 17.6 million from 14.6 million. 

For the first quarter, FireEye is guiding for lower revenues sequentially, at USD 192-197 million, with billings at USD 165-175 million, adjusted operating margin of negative 2 to negative 4 percent and cash flow generated by operations between USD 0-10 million. For the full year, revenues are forecast at USD 815-825 million, billings at 810-830 million and an operating margin of 1-2 percent, with capex at USD 35-40 million, for the relocation of the company’s headquarters in January.

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