4 Apr 2017 07:00
This announcement contains inside information within the purposes of article 7 of the EU Market Abuse Regulation 596/2014
Sophos Group plc
Trading Update and Notice of Final Results
Oxford, 4 April 2017. Following a very strong end to the fourth quarter, Sophos Group plc (the "Group" / LSE: SOPH), a leading provider of cloud-enabled enduser and network security solutions, is pleased to provide a trading update in advance of announcing its final results for the year ended 31 March 2017.
The Group expects to report fourth quarter constant currency billings growth of approximately 27%, excluding any benefit from the recently announced acquisition of Invincea. Full year constant currency billings growth is expected to be approximately 20%. Reported billings, allowing for the currency headwind, are expected to grow approximately 18% to $630 million from $535 million in the year-ended 31 March 2016, ahead of the consensus range of $610 million to $617 million. Consequently, Cash EBITDA and unlevered free cash flow are also expected to be ahead of the consensus range.
Notice of Results
Sophos will be announcing its final results for the year-ended 31 March 2017 on 17 May 2017.
Contact
Sophos Group plc
Tel: +44 (0) 1235 559 933
Derek Brown, VP Investor Relations
Financial Public Relations
Brunswick Group
Tel: +44 (0) 7404 5959
About
Sophos is a leader in next-generation endpoint and network security, and as the pioneer of synchronized security develops its innovative portfolio of endpoint, network, encryption, web, email and mobile security solutions to work better together. More than 100 million users in 150 countries rely on Sophos solutions as the best protection against sophisticated threats and data loss. Sophos products are exclusively available through a global channel of more than 26,000 registered partners.