MobileIron sees Q3 results better than expected

Monday 10 October 2016 | 16:33 CET | News
MobileIron has raised its guidance for third-quarter revenues to USD 41-42 million, better than its previous forecast of USD 39-41 million. Gross billings are expected to total USD 46.5-47.5 million, from a previous estimate of USD 43-45 million. Profits should also be better than expected, as MobileIron said non-GAAP operating expenses will be at the low end of the company's guidance of USD 41-43 million. The company ended the quarter with cash and cash equivalents plus short-term and long-term investments of approximately USD 80 million, meaning a cash burn in the quarter of around USD 6

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Categories: Mobile & Wireless
Companies: MobileIron
Countries: World
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