ARR is a metric often used by software-as-a-service companies to show how much revenue the company can expect based on subscriptions. Using annual recurring revenue as a metric, FireEye’s cloud business has already overtaken its on-premises business. Analysts had forecast $57.7 million, FactSet reported. Professional services revenue rose to $63.3 million from $50.6 million in the year-ago quarter. Analysts had forecast $81.7 million in cloud revenue and $97.1 million in other product revenue, according to FactSet.
That’s starting to catch up to other products, including subscription and support revenue of $97.2 million, down from $105.7 million in the year-ago period. FireEye shares gained about 2% in after-hours trading immediately following the release of the results and were up 1% premarket Wednesday.Ĭloud-based services became a bigger part of FireEye’s revenue stream, rising to $85.9 million from $68.4 million in the year-ago period.
Revenue rose to $246.3 million from $224.7 million in the year-ago quarter.Īnalysts surveyed by FactSet had forecast adjusted earnings of 6 cents a share on revenue of $237 million, based on FireEye’s forecast of 5 cents to 7 cents a share on revenue of $235 million to $238 million. Adjusted earnings, which excludes expenses for stock-based compensation and other items, were 8 cents a share, compared with 7 cents a share in the year ago quarter. The Milpitas, Calif.-based cybersecurity company reported a first-quarter loss of $55.2 million, or 24 cents a share, compared with a loss of $76.3 million, or 35 cents a share, in the year-ago period. “Part of that is good news, it means that security safeguards are getting better - they’re not getting in through the front door anymore.” Mandia said. A zero-day exploit is a computer vulnerability that is exploited as soon as it is discovered by hackers and before security professionals can develop a patch to fix it. “There’s a lot more zero-day exploits out there,” Chief Executive Kevin Mandia told MarketWatch in an interview.
0 kommentar(er)
