Mimecast Announces Fourth Quarter and Full Year 2016 Financial Results
(Thomson Reuters ONE) -
Fourth Quarter Highlights
* Constant currency Q4 revenue growth rate of 29% year-over-year
* Added 1,800 new customers. Total customers 18,000 globally
* Revenue retention rate of 109%
* Gross profit percentage of 70%
* Positive Adjusted EBITDA of $0.5 million
WATERTOWN, Mass., May 16, 2016 (GLOBE NEWSWIRE) -- Mimecast
Limited (NASDAQ:MIME), a leading email and data security company, today
announced financial results for the fourth quarter and full year ended March
31, 2016.
"We are very pleased with our fourth quarter. It's a strong ending to another
record year for the company," stated Peter Bauer, CEO of Mimecast. "We achieved
better than expected results in revenue, new customer acquisition and revenue
retention. We benefited from increased demand for our advanced email security
offerings as organizations continue to grapple with business email compromises,
spear phishing and advanced persistent threats. Customers are drawn to us
because we provide a fast and simple way to achieve greater cyber resiliency.
Our single integrated suite of cloud services, all built on Mime | OS, our SaaS
operating system, helps customers to secure themselves in an increasingly
complex cloud and hybrid IT world."
"Mimecast continues to perform across our key metrics and has delivered strong
growth in the quarter and the year." said Peter Campbell, CFO of Mimecast. "We
are particularly pleased with the fact that for the fiscal year our constant
currency revenue growth was 30% and revenue retention grew to 109% while at the
same time we generated positive adjusted EBITDA of $15.8 million."
Fourth Quarter 2016 Financial Highlights
* Revenue: Revenue on a constant currency basis increased 29% compared to the
fourth quarter of 2015. Revenue for the fourth quarter of 2016 was $36.9
million, an increase of 20% compared to the $30.7 million of revenue
recognized in the fourth quarter of 2015.
* Customers: Added 1,800 net new customers in the fourth quarter of 2016. Net
new customer additions are up from 1,000 added in the third quarter of
2016. We now serve over 18,000 organizations of all sizes across every
sector.
* Revenue Retention Rate: Revenue retention rate was 109% in the fourth
quarter of 2016, consistent with the prior quarter and up from the 107% in
the fourth quarter of 2015.
* Gross Profit Percentage: Gross profit percentage was 70% for the fourth
quarter of 2016, consistent with the 70% realized in the fourth quarter of
2015.
* Adjusted EBITDA: Adjusted EBITDA was $0.5 million, representing an Adjusted
EBITDA margin of 1%.
* GAAP Net Loss: GAAP net loss was $2.0 million or ($0.04) per share based on
54.2 million weighted-average shares outstanding.
* Non-GAAP Net Loss: Non-GAAP net loss was $0.0 million or ($0.00) per share.
* Cash and Free Cash Flow: Mimecast generated $1.9 million of free cash flow
in the fourth quarter of 2016. Cash and cash equivalents as of March
31, 2016 were $106.1 million.
Full Year 2016 Financial Highlights
* Revenue: Revenue on a constant currency basis increased 30% compared to
2015. Revenue for 2016 was $141.8 million, an increase of 22% compared to
the $116.1 million of revenue recognized in 2015.
* Revenue Retention Rate: Revenue retention rate for the full year 2016 was
109% which compares to the 107% for the full year fiscal 2015.
* Gross Profit Percentage: Gross profit percentage was 71% for the full year
2016 compared to 68% in 2015.
* Adjusted EBITDA: Adjusted EBITDA for the full year 2016 was $15.8 million,
representing an Adjusted EBITDA margin of 11%.
* GAAP Net Loss: GAAP net loss was $3.2 million or ($0.08) per share based on
40.8 million weighted-average shares outstanding.
* Non-GAAP Net Income: Non-GAAP net income was $4.6 million or $0.11 per
share.
* Free Cash Flow: Mimecast generated $10.4 million of free cash flow in 2016
compared to $10.7 million in 2015.
Reconciliations of the non-GAAP financial measures provided in this press
release to their most directly comparable GAAP financial measures are provided
in the financial tables included at the end of this press release. An
explanation of these measures and how they are calculated are also included
below under the heading "Non-GAAP Financial Measures."
Fourth Quarter Business Highlights:
* We announced the addition of Impersonation Protect to Mimecast Targeted
Threat Protection product line. Impersonation Protect is the first service
available to tackle the growing threat from business email compromise
attacks, also called CEO Fraud or whaling. This attack, which bypasses
traditional security gateways as there is no malware to detect, uses social
engineering to target individual employees within specific departments
responsible for the data or finances that criminals are targeting.
* Sales of Targeted Threat Protection significantly increased during the
quarter, with more than 1,000 new customers signing up to purchase the
service. 19% of our customers are now using the service.
* 14% of customers are using Mimecast in conjunction with Microsoft® Office
365(TM) compared to 12% in the third quarter. Office 365(TM) continues to
be a catalyst for growth for the Company as more than 600 new customers in
the fourth quarter improved their security protection, data archiving and
service continuity by combining these two cloud-only services.
* We extended our leadership team with the addition of two experienced
executives: Alex Bender, Senior Vice President of Global Marketing and Mark
Basler, Senior Vice President of Product Management.
* We passed an independent Health Insurance Portability and Accountability Act
(HIPAA) Security Compliance Assessment and Service Organization Control 2
Type 1 (SOC 2 Type 1) Independent Service Audit allowing Mimecast to better
serve covered entities.
Business Outlook
Mimecast is providing guidance for the first quarter and full year 2017
First Quarter 2017 Guidance:
For the first quarter of 2017, we expect constant currency revenue growth to be
between 24% and 26% and revenue to be between $39.5 million to $39.9 million.
Exchange rates in certain currencies we operate in have weakened in the period
due to the strengthening of the US dollar compared to the same period in the
prior year. Fluctuations in these rates have impacted our revenue guidance by
$1.8 million. Approximately $1.0 million of this impact relates to the
translation of South African Rand based revenue and the remainder relates to
British Pound based revenue. We believe that constant currency revenue growth is
a useful way to measure the underlying strength of our business as it excludes
these short term fluctuations. Adjusted EBITDA is expected to be in the range
of $0.3 million to $1.4 million.
Full Year 2017 Guidance:
For the full year 2017, we expect constant currency revenue growth to be between
22% and 26% and revenue to be between $170.2 million to $175.9 million. Foreign
exchange rate fluctuations are impacting this guidance by $3.2 million of which
$1.0 million relates to the South African Rand and $2.2 Million relates to the
British Pound.
Conference Call and Webcast Information
Mimecast will host a conference call to discuss these financial results for
investors and analysts at 5:00 pm EDT (UTC-04:00) on May 16, 2016. To access
the conference call, dial (844) 815-2878 for the U.S. and Canada and (615)
800-6885 for international callers and enter conference ID #96763926. The call
will also be webcast live on the investor relations section of the Company's
website at http://investors.mimecast.com. An audio replay of the call will be
available two hours after the live call ends by dialing (855) 859-2056 for U.S.
and Canada or (404) 537-3406 for international callers, and entering
passcode #96763926. In addition, an archive of the webcast will be available on
the investor relations section of the company's website
at http://investors.mimecast.com.
About Mimecast Limited
Mimecast Limited (NASDAQ:MIME) makes business email and data safer for more than
18,000 customers and millions of employees worldwide. Founded in 2003, the
Company's next-generation cloud-based security, archiving and continuity
services protect email, and deliver comprehensive email risk management in a
single, fully-integrated subscription service. Mimecast reduces email risk and
the complexity and cost of managing the array of point solutions traditionally
used to protect email and its data. For customers that have migrated to cloud
services like Microsoft® Office 365(TM), Mimecast mitigates single vendor
exposure by strengthening security coverage, combating downtime and improving
archiving.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements, including, but not
limited to, the guidance provided under the heading "Business Outlook" above.
Statements regarding the value and effectiveness of Mimecast's products, the
introduction of product enhancements or additional products and Mimecast's
growth, expansion and market leadership, that involve risks, uncertainties,
assumptions and other factors which, if they do not materialize or prove
correct, could cause Mimecast's results to differ materially from those
expressed or implied by such forward-looking statements. All statements, other
than statements of historical fact, are statements that could be deemed forward-
looking statements, including statements containing the words "predicts,"
"plan," "expects," "anticipates," "believes," "goal," "target," "estimate,"
"potential," "may," "might," "could," "see," "seek," "forecast," and similar
words. Mimecast intends all such forward-looking statements to be covered by the
safe harbor provisions for forward-looking statements contained in Section 21E
of the Exchange Act and the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those projected in such statements due
to various factors, including but not limited to: risks and uncertainties
inherent in Mimecast's business; Mimecast's ability to attract new customers and
retain existing customers; Mimecast's ability to effectively sell, service and
support its products; Mimecast's ability to adapt to changing licensing and go
to market business models; Mimecast's ability to manage its international
operations; Mimecast's ability to compete effectively; Mimecast's ability to
develop and introduce new products and add-ons or enhancements to existing
products; Mimecast's ability to continue to promote and maintain its brand in a
cost-effective manner; Mimecast's ability to manage growth; Mimecast's ability
to attract and retain key personnel; currency fluctuations that affect
Mimecast's revenues and costs; the scope and validity of intellectual property
rights applicable to Mimecast's products; adverse economic conditions in general
and adverse economic conditions specifically affecting the markets in which
Mimecast's operates; and other risks more fully described in Mimecast's publicly
available filings with the Securities and Exchange Commission. Any statements
regarding Mimecast's products are intended to outline its general product
direction and should not be relied on in making a purchase decision, as the
development, release, and timing of any features and functionality remains at
Mimecast's sole discretion. Mimecast's anticipates that subsequent events and
developments will cause its views to change. Mimecast's undertakes no intention
or obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Past performance is not
necessarily indicative of future results. The forward-looking statements
included in this press release represent Mimecast's views as of the date of this
press release.
Non-GAAP Financial Measures
We have provided in this release financial information that has not been
prepared in accordance with GAAP. We use these non-GAAP financial measures
internally in analyzing our financial results and believe they are useful to
investors, as a supplement to GAAP measures, in evaluating our ongoing
operational performance. We believe that the use of these non-GAAP financial
measures provides an additional tool for investors to use in evaluating ongoing
operating results and trends and in comparing our financial results with other
companies in our industry, many of which present similar non-GAAP financial
measures to investors.
Non-GAAP financial measures should not be considered in isolation from, or as a
substitute for, financial information prepared in accordance with GAAP.
Investors are encouraged to review the reconciliation of these non-GAAP
financial measures to their most directly comparable GAAP financial measures
provided in the financial statement tables included below in this press release
Revenue Constant Currency Growth Rate. We believe revenue constant currency
growth rate is a key indicator of our operating results. We calculate revenue
constant currency growth rate by translating revenue from entities reporting in
foreign currencies into U.S. dollars using the comparable foreign currency
exchange rates from the prior fiscal period. To determine projected revenue
growth rates on a constant currency basis for first quarter and full year 2017,
expected revenue from entities reporting in foreign currencies was translated
into U.S. dollars using the comparable prior year period's monthly average
foreign currency exchange rates.
Adjusted EBITDA and Adjusted EBITDA margin. We believe that Adjusted EBITDA and
Adjusted EBITDA margin are key indicators of our operating results. We define
Adjusted EBITDA as net (loss) income, adjusted to exclude: depreciation and
amortization, share-based compensation expense, restructuring expense, interest
income and interest expense, the provision for income taxes and foreign currency
exchange (expense) income predominantly related to the elimination of
intercompany balances. We define Adjusted EBITDA margin as Adjusted EBITDA over
revenue in the period.
Non-GAAP net (loss) income. We define non-GAAP net (loss) income as net (loss)
income less share-based compensation expense. We consider this non-GAAP
financial measure to be a useful metric for management and investors because it
excludes the effect of share-based compensation expense so that our management
and investors can compare our recurring core business net results over multiple
periods. There are a number of limitations related to the use of non-GAAP net
(loss) income versus net (loss) income calculated in accordance with GAAP. For
example, as noted above, non-GAAP net (loss) income excludes share-based
compensation expense. In addition, the components of the costs that we exclude
in our calculation of non-GAAP net (loss) income may differ from the components
that our peer companies exclude when they report their non-GAAP results of
operations. Management compensates for these limitations by providing specific
information regarding the GAAP amounts excluded from non-GAAP net (loss) income
and evaluating non-GAAP net (loss) income together with net (loss) income
calculated in accordance with GAAP.
Free cash flow. We define free cash flow as net cash provided by operating
activities minus capital expenditures. We consider free cash flow to be a
liquidity measure that provides useful information to management and investors
about the amount of cash generated by the business that, after the acquisition
of property and equipment, can be used for strategic opportunities, including
investing in our business, and strengthening the balance sheet. Analysis of free
cash flow facilitates management's comparisons of our operating results to
competitors' operating results. A limitation of using free cash flow versus the
GAAP measure of net cash provided by operating activities as a means for
evaluating our company is that free cash flow does not represent the total
increase or decrease in the cash balance from operations for the period because
it excludes cash used for capital expenditures during the period. Management
compensates for this limitation by providing information about our capital
expenditures on the face of the cash flow statement and in the "Management's
Discussion and Analysis of Financial Condition and Results of Operations -
Liquidity and Capital Resources" section of our reports filed with the SEC.
MIMECAST LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
Revenue $ 36,876 $ 30,715 $ 141,841 $ 116,085
Cost of revenue 11,089 9,175 41,809 36,821
Gross profit 25,787 21,540 100,032 79,264
Operating expenses
Research and development 4,736 3,144 17,663 14,461
Sales and marketing 19,603 13,081 65,187 51,224
General and 5,497 3,646 19,756 15,806
administrative
Restructuring - - - 1,203
Total operating expenses 29,836 19,871 102,606 82,694
(Loss) income from (4,049 ) 1,669 (2,574 ) (3,430 )
operations
Other income (expense)
Interest income 32 15 74 62
Interest expense (118 ) (185 ) (690 ) (703 )
Foreign exchange income 2,707 2,192 811 4,508
Total other income 2,621 2,022 195 3,867
(expense), net
(Loss) income before (1,428 ) 3,691 (2,379 ) 437
income taxes
Provision for income 536 38 865 152
taxes
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Reconciliation of net
(loss) income to net
(loss) income
applicable to ordinary
shareholders:
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Net (loss) income
applicable to - 1,023 - 80
participating
securities
Net (loss) income
applicable to ordinary $ (1,964 ) $ 2,630 $ (3,244 ) $ 205
shareholders-basic
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Net (loss) income
applicable to - 948 - 75
participating
securities
Net (loss) income
applicable to ordinary $ (1,964 ) $ 2,705 $ (3,244 ) $ 210
shareholders-diluted
Net (loss) income per
share applicable to
ordinary
shareholders:
Basic $ (0.04 ) $ 0.08 $ (0.08 ) $ 0.01
Diluted $ (0.04 ) $ 0.07 $ (0.08 ) $ 0.01
Weighted-average number
of ordinary shares used
in
computing net (loss)
income per share
applicable
to ordinary
shareholders:
Basic 54,172 32,802 40,826 32,354
Diluted 54,172 36,449 40,826 36,075
MIMECAST LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
(unaudited)
At March 31,
2016 2015
Assets
Current assets
Cash and cash equivalents $ 106,140 $ 32,890
Accounts receivable, net 33,738 25,267
Prepaid expenses and other current assets 7,362 4,982
Total current assets 147,240 63,139
Property and equipment, net 24,806 23,159
Other assets 3,081 2,531
Total assets $ 175,127 $ 88,829
Liabilities, convertible preferred shares and
shareholders' equity (deficit)
Current liabilities
Accounts payable $ 2,891 $ 4,674
Accrued expenses and other current liabilities 15,110 10,902
Deferred revenue 60,889 45,267
Current portion of long-term debt 4,910 5,278
Total current liabilities 83,800 66,121
Deferred revenue, net of current portion 9,151 8,041
Long-term debt 1,981 7,086
Other non-current liabilities 2,121 2,127
Total liabilities 97,053 83,375
Contingencies
Convertible preferred shares - 59,305
Shareholders' equity (deficit)
Ordinary shares, $0.012 par value, 300,000,000 and
118,657,039 shares
authorized at March 31, 2016 and 2015, 651 395
respectively; 54,216,738
and 32,928,499 shares issued and outstanding at
March 31, 2016 and 2015, respectively
Additional paid-in capital 169,037 32,417
Accumulated deficit (88,576 ) (85,332 )
Accumulated other comprehensive loss (3,038 ) (1,331 )
Total shareholders' equity (deficit) 78,074 (53,851 )
Total liabilities, convertible preferred shares
and shareholders' $ 175,127 $ 88,829
equity (deficit)
MIMECAST LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three months ended Year ended March 31,
March 31,
2016 2015 2016 2015
Operating activities
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Adjustments to
reconcile net (loss)
income to net cash
provided by operating
activities:
Depreciation and 2,585 2,628 10,527 11,028
amortization
Share-based 1,957 682 7,886 5,426
compensation expense
Provision for doubtful 54 88 91 133
accounts
Gain (loss) on disposal 15 (11 ) (5 ) (16 )
of fixed assets
Non-cash interest 25 30 106 110
expense
Excess tax benefit
related to exercise of 76 - - -
share options
Unrealized currency
gain on foreign
denominated (2,580 ) (1,752 ) (988 ) (4,052 )
intercompany
transactions
Changes in assets and
liabilities:
Accounts receivable (4,295 ) (3,399 ) (9,820 ) (4,334 )
Prepaid expenses and (1,920 ) (30 ) (2,191 ) 684
other current assets
Other assets (421 ) (27 ) (437 ) (206 )
Accounts payable (282 ) (97 ) (542 ) (38 )
Deferred revenue 8,629 6,051 18,588 11,378
Accrued expenses and 3,520 2,828 4,672 2,849
other liabilities
Net cash provided by 5,399 10,644 24,643 23,247
operating activities
Investing activities
Purchases of property (3,459 ) (1,214 ) (14,234 ) (12,583 )
and equipment
Net cash used in (3,459 ) (1,214 ) (14,234 ) (12,583 )
investing activities
Financing activities
Proceeds from exercises 247 103 885 632
of share options
Excess tax benefit
related to exercise of (76 ) - - -
share options
Payments on debt (1,292 ) (1,148 ) (5,412 ) (3,483 )
Proceeds from issuance
of debt, net of - - - 8,282
issuance costs
(Payments) proceeds
from initial public (104 ) - 68,328 -
offering, net of
issuance costs
Net cash (used in)
provided by financing (1,225 ) (1,045 ) 63,801 5,431
activities
Effect of foreign (546 ) (1,092 ) (960 ) (2,363 )
exchange rates on cash
Net increase in cash 169 7,293 73,250 13,732
and cash equivalents
Cash and cash
equivalents at 105,971 25,597 32,890 19,158
beginning of period
Cash and cash
equivalents at end of $ 106,140 $ 32,890 $ 106,140 $ 32,890
period
Key Performance Indicators
In addition to traditional financial metrics, such as revenue and revenue growth
trends, we monitor several other non-GAAP financial measures and non-financial
metrics to help us evaluate growth trends, establish budgets, measure the
effectiveness of our sales and marketing efforts and assess operational
efficiencies. The key performance indicators that we monitor are as follows:
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
(dollars in thousands)
Gross profit percentage 70 % 70 % 71 % 68 %
Revenue constant currency 29 % 33 % 30 % 33 %
growth rate (1)
Revenue retention rate (2) 109 % 107 % 109 % 107 %
Total customers (3) 18,000 13,800 18,000 13,800
Adjusted EBITDA (1) $ 493 $ 4,979 $ 15,839 $ 14,227
(1) Adjusted EBITDA and revenue constant currency growth rates are non-GAAP
measures. For a reconciliation of Adjusted EBITDA and revenue constant currency
growth rates to the nearest comparable GAAP measures, see "Reconciliation of
Non-GAAP Financial Measures" below.
(2) We calculate our revenue retention rate by annualizing constant currency
revenue recorded on the last day of the measurement period for only those
customers in place throughout the entire measurement period. We include add-on,
or upsell, revenue from additional employees and services purchased by existing
customers. We divide the result by revenue on a constant currency basis on the
first day of the measurement period for all customers in place at the beginning
of the measurement period. The measurement period is the trailing twelve months.
The revenue on a constant currency basis is based on the average exchange rates
in effect during the respective period.
(3) Reflects the customer count on the last day of the period rounded up to the
nearest hundred customers. We define a customer as an entity with an active
subscription contract as of the measurement date. A customer is typically a
parent company or, in a few cases, a significant subsidiary that works with us
directly.
Reconciliation of Non-GAAP Financial Measures
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
Reconciliation of
Revenue Constant
Currency Growth
Rate:
Revenue, as reported $ 36,876 $ 30,715 $ 141,841 $ 116,085
Revenue year-over-year 20 % 26 % 22 % 31 %
growth rate, as reported
Estimated impact of
foreign currency 9 % 7 % 8 % 2 %
fluctuations
Revenue constant 29 % 33 % 30 % 33 %
currency growth rate
The following table presents a reconciliation of net (loss) income to Adjusted
EBITDA:
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
Reconciliation of Adjusted
EBITDA:
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Depreciation and 2,585 2,628 10,527 11,028
amortization
Interest expense, net 86 170 616 641
Provision for income taxes 536 38 865 152
Restructuring - - - 1,203
Share-based compensation 1,957 682 7,886 5,426
expense
Foreign exchange income (2,707 ) (2,192 ) (811 ) (4,508 )
Adjusted EBITDA $ 493 $ 4,979 $ 15,839 $ 14,227
The following table presents a reconciliation of net (loss) income loss to Non-
GAAP Net (Loss) Income:
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
Reconciliation of Non-GAAP
Net (Loss) Income:
Net (loss) income $ (1,964 ) $ 3,653 $ (3,244 ) $ 285
Share-based compensation 1,957 682 7,886 5,426
expense
Non-GAAP net (loss) income $ (7 ) $ 4,335 $ 4,642 $ 5,711
Non-GAAP net (loss) income
per share applicable to
ordinary
shareholders:
Basic $ (0.00 ) $ 0.13 $ 0.11 $ 0.18
Weighted-average number of
ordinary shares used in
computing Non-GAAP net
(loss) income per share
applicable
to ordinary
shareholders:
Basic 54,172 32,802 40,826 32,354
The following table presents a reconciliation of Net cash provided by operating
activities to Free Cash Flow:
Three months ended Year Ended March 31,
March 31,
2016 2015 2016 2015
Reconciliation of Free
Cash Flow:
Net cash provided by $ 5,399 $ 10,644 $ 24,643 $ 23,247
operating activities
Purchases of property (3,459 ) (1,214 ) (14,234 ) (12,583 )
and equipment
Free Cash Flow $ 1,940 $ 9,430 $ 10,409 $ 10,664
Share-based compensation expense for three and twelve months ended March 31,
2016 and 2015 (in thousands):
Three months ended Year Ended March
March 31, 31,
2016 2015 2016 2015
Cost of revenue $ 154 $ 19 $ 633 $ 151
Research and development 344 276 1,711 544
Sales and marketing 849 116 3,180 1,684
General and administrative 610 271 2,362 3,047
Total share-based compensation $ 1,957 $ 682 $ 7,886 $ 5,426
expense
Revenue Constant Currency Growth Rate reconciliation
Three months ended March 31, Year Ended March 31,
2016A 2015A % 2016A 2015A %
Change Change
Total
revenue as $ 36.9 $ 30.7 20 % $ 141.8 $ 116.1 22 %
reported
Estimated
impact of
foreign 9 % 8 %
currency
fluctuations
Total
revenue
constant 29 % 30 %
currency
growth rate
Exchange
rate for
period
USD 1.000 1.000 1.000 1.000
ZAR 0.063 0.085 0.073 0.091
GBP 1.433 1.515 1.508 1.613
AUD 0.722 0.787 0.736 0.875
Media Contact:
Stuart Handley / Mimecast Limited /
(+44) 207 847 8700 / press(at)mimecast.com
Investor Contact:
Robert Sanders / Mimecast Limited /
(+1) 617-393-7074 / investors(at)mimecast.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Mimecast Limited via GlobeNewswire
[HUG#2012982]
Datum: 16.05.2016 - 22:10 Uhr
Sprache: Deutsch
News-ID 471479
Anzahl Zeichen: 38824
contact information:
Town:
London
Kategorie:
Business News
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