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IT

FireEye reports record revenues to USD 235 mln in Q4

Thursday 6 February 2020 | 13:37 CET | News
Cyber-security expert FireEye said revenues for the fourth quarter reached a record level of USD 235 million, up 8 percent from the year before and above the company's expectations. Billings were also at record levels though they came below guidance, impacted by a two-month decrease in the average contract length for subscription and support contracts. The contract length will not impact annual recurring revenue revenue, CFO Frank Verdecanna noted. Billings for the quarter went 3 percent higher to USD 274 million, while the gross margin went to 66 percent of revenue, from 68 percent the year

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Categories: Internet / IT
Companies: FireEye
Countries: World
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