29 Jun 2016 07:00
Sophos Group plc
Capital Markets Day and Q1 Trading Update
Oxford, 29 June 2016. Sophos Group plc (the "Company" or the "Group" / LSE: SOPH), a leading provider of cloud-enabled enduser and network security solutions, is today hosting a Capital Markets Day for analysts and investors in London.
Capital Markets Day
The event will be hosted in London by Kris Hagerman, chief executive officer and Nick Bray, chief financial officer, alongside other members of the senior management team.
The materials to be presented at the Group's inaugural Capital Markets Day later today will be available on the Group's website at: https://investors.sophos.com/. The meeting will also be available as a live webcast and as an audio playback.
Trading update
· Sophos has continued to enjoy strong trading, with Q1 billings expected to be above the Board's expectations
· Q1 FY17 Like-for-like billings growth is expected to be in the range of 20 percent to 23 percent year-over-year
· Billings assisted by a material contract with an existing customer
· Sophos re-confirms FY17 outlook
About
The Sophos Group is a leading global provider of cloud-enabled enduser and network security solutions, offering organisations end-to-end protection against known and unknown IT security threats through products that are easy to install, configure, update and maintain. For further information please visit: www.sophos.com. The Group has over 30 years of experience in enterprise security and has built a portfolio of products that protects over 220,000 organisations and over 100 million endusers in 150 countries across a variety of industries.
Forward-looking Statements
Certain statements in this announcement constitute "forward-looking statements". These forward-looking statements involve risks, uncertainties and other factors that may cause the Group's actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance or programmes, or the delivery of products or services under them; structural change in the security industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. The Group undertakes no obligation to update or revise any forward-looking statement to reflect any change in expectations or any change in events, conditions or circumstances.
Contact
Sophos Group plc Tel: +44 (0) 1235 559 933 Kris Hagerman, Chief Executive Officer Nick Bray, Chief Financial Officer | Brunswick GroupTel: +44 (0) 20 7404 5959 Sarah West Katie Ioanilli Katarina Sallerfors |
1. Billings represents the value of products and services invoiced to customers after receiving a purchase order from the customer and delivering products and services to them, or for which there is no right to a refund for undelivered items. Billings does not equate to statutory revenue.
2. Like-for-like billings represent billings on a constant currency basis excluding disposals and including acquisitions from the point of acquisition plus the pre-acquisition billings of any acquired companies on a reported basis. Like-for-like billings are presented to enhance comparability.