Mimecast Announces Second Quarter 2017 Financial Results
(Thomson Reuters ONE) -
* Total revenue of $44.4 million grew 29% yoy on a GAAP basis and 38% in
constant currency
* Added 1,900 new customers. Total customers 21,800 globally
* Revenue retention rate of 111%
* Gross profit percentage of 72%
* GAAP EPS of $0.01 per basic and diluted share, Non-GAAP EPS of $0.05
* Increasing 2017 constant currency revenue growth and Adjusted EBITDA
guidance
WATERTOWN, Mass., Nov. 09, 2016 (GLOBE NEWSWIRE) -- Mimecast
Limited (NASDAQ:MIME), a leading email and data security company, today
announced financial results for the second quarter ended September 30, 2016.
"We are very pleased with our second quarter results," stated Peter Bauer, CEO
of Mimecast. "We performed well globally realizing strong customer additions
across all geographies as customers increasingly turn to Mimecast for protection
from highly targeted email based threats. Our platform of services allows
customers to protect users, data, and operations while at the same time reducing
complexity and enhancing overall cyber resiliency."
Mimecast's CFO Peter Campbell noted, "Our second quarter results once again
exceeded our guidance for both revenue and adjusted EBITDA. Constant currency
revenue growth reached 38% at the same time that our adjusted EBITDA increased
to $2.7 million. The investments we have made in sales and marketing continue to
pay off reinforcing our confidence that the momentum in our business can
continue and as a result we are raising our expectations for 2017."
Second Quarter 2017 Financial Highlights
* Revenue: GAAP Revenue for the second quarter of 2017 was $44.4 million, an
increase of 29% compared to the $34.5 million of revenue recognized in the
second quarter of 2016. Revenue on a constant currency basis increased 38%
compared to the second quarter of 2016.
* Customers: Added 1,900 net new customers in the second quarter of 2017. We
now serve over 21,800 organizations globally.
* Revenue Retention Rate: Revenue retention rate was 111% in the second
quarter of 2017, an increase from the 110% recognized in the prior quarter
and up from the 108% in the second quarter of 2016.
* Gross Profit Percentage: Gross profit percentage was 72% for the second
quarter of 2017, an increase over the 70% realized in the second quarter of
2016.
* GAAP Net Income: GAAP net income was $0.3 million, or $0.01 per basic and
diluted share, based on 54.6 million and 58.5 million weighted-average
shares outstanding, respectively.
* Adjusted EBITDA: Adjusted EBITDA was $2.7 million, representing an Adjusted
EBITDA margin of 6.2% up from 4.5% in the first quarter of 2017.
* Non-GAAP Net Income: Non-GAAP net income was $2.6 million, or $0.05 per
share.
* Cash and Free Cash Flow: Mimecast generated $3.3 million of free cash flow
in the second quarter of 2017. Cash and cash equivalents as of September
30, 2016 were $110.5 million.
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 is also included below
under the heading "Non-GAAP Financial Measures."
Second Quarter Business Highlights
* Mimecast added 1,900 net new customers in the second quarter
* Sales of Targeted Threat Protection increased during the second quarter,
with more than 1,400 new customers purchasing the service. A total of 28% of
our customers are now using Targeted Threat Protection.
* A total of 17% of customers used Mimecast in conjunction with
Microsoft® Office 365(TM) during the second quarter compared to 16% in the
first quarter of 2017. Office 365(TM) continues to be a growth driver for
the Company. More than 650 new and existing customers of all sizes chose
Mimecast to enhance their security, archive, or to provide uptime assurance
for their Office 365 subscriptions.
* Introduced new Data Logging API allowing Mimecast customers and partners to
integrate data to their security information and event management (SIEM) or
data analytics platform, which enhances identification of email
vulnerabilities and strengthens cyber resilience
* Launched Mimecast app for Splunk, which enables reporting, analytics and
geocoding, all without the need for custom coding or scripting. Splunk users
can download the application from SplunkBase and customize the reports to
meet security and compliance requirements.
* Mimecast entered into a strategic partnership with ZeroFOX. Customers can
now build a stronger cyber resilience strategy, bringing together
comprehensive email risk management and social risk management.
Business Outlook
Mimecast is providing guidance for the third quarter and full year 2017.
Third Quarter 2017 Guidance:
For the third quarter of 2017, constant currency revenue growth is expected to
be in the range of 31% and 32% and revenue is expected to be in the range of
$44.9 million to $45.4 million. Our guidance is based on exchange rates as of
October 31, 2016 and includes a negative $3.1 million impact from the
strengthening of the U.S. dollar compared to the prior year. This impact was
mainly due to the British Pound but offset slightly by positive impacts from the
South African Rand and the Australian Dollar. Adjusted EBITDA is expected to be
in the range of $2.6 million to $3.4 million.
Full Year 2017 Guidance:
For the full year 2017, constant currency revenue growth is expected to be in
the range of 32% to 33% and revenue is expected to be in the range of $177.5
million to $179.4 million. We are raising the mid-point of our guidance by $4.7
million for the year despite the greater than expected negative impact of
foreign exchange. Foreign exchange rate fluctuations are impacting this
guidance by $10.3 million, which represents a $2.5 million increase over the
previous forecast. Adjusted EBITDA is expected to be in the range of $10.0
million to $12.0 million.
GAAP net income (loss) is the most comparable GAAP measure to Adjusted EBITDA.
Adjusted EBITDA differs from GAAP net income (loss) in that it excludes
depreciation and amortization, share-based compensation expense, interest income
and interest expense, (benefit from) provision for income taxes and foreign
exchange income (expense). Mimecast is unable to predict with reasonable
certainty the ultimate outcome of these exclusions without unreasonable effort.
Therefore, Mimecast has not provided guidance for GAAP net income (loss) or a
reconciliation of the foregoing forward-looking Adjusted EBITDA guidance to GAAP
net income (loss).
Conference Call and Webcast Information
Mimecast will host a conference call to discuss these financial results for
investors and analysts at 5:00 pm EST (UTC-05:00) on November 9, 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 #92593359. 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 #92593359. 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
21,800 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
Statements in this press release regarding management's future expectations,
beliefs, intentions, goals, strategies, plans or prospects, including, without
limitation, the statements relating to the expected continued momentum of
Mimecast's business and Mimecast's future financial performance on both a GAAP
and non-GAAP basis under the heading "Business Outlook" above, may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws. 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. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors including those risks, uncertainties and factors
detailed in Mimecast's filings with the Securities and Exchange Commission. As a
result of such risks, uncertainties and factors, Mimecast's actual results may
differ materially from any future results, performance or achievements discussed
in or implied by the forward-looking statements contained herein. Mimecast is
providing the information in this press release as of this date and assumes no
obligations to update the information included in this press release or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.
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 second 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 income (loss), adjusted to exclude: depreciation and
amortization, share-based compensation expense, interest income and interest
expense, (benefit from) provision for income taxes and foreign exchange income
(expense) predominantly related to the elimination of intercompany balances. We
define Adjusted EBITDA margin as Adjusted EBITDA over revenue in the period.
Non-GAAP net income. We define non-GAAP net income as net income (loss) 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 income versus net
income (loss) calculated in accordance with GAAP. For example, as noted above,
non-GAAP net income excludes share-based compensation expense. In addition, the
components of the costs that we exclude in our calculation of non-GAAP net
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 income and evaluating non-GAAP net income together
with net income (loss) 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 September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
Revenue $ 44,361 $ 34,507 $ 85,821 $ 67,835
Cost of
revenue 12,377 10,193 23,716 20,069
---------- --------------------- ---------- -------------------
Gross profit 31,984 24,314 62,105 47,766
---------- --------------------- ---------- -------------------
Operating
expenses
Research and
development 4,948 3,933 10,097 7,463
Sales and
marketing 22,866 14,856 44,329 27,977
General and
administrative 6,597 4,022 13,053 8,713
---------- --------------------- ---------- -------------------
Total
operating
expenses 34,411 22,811 67,479 44,153
---------- --------------------- ---------- -------------------
(Loss) income
from
operations (2,427 ) 1,503 (5,374 ) 3,613
Other income
(expense)
Interest
income 76 12 143 29
Interest
expense (76 ) (168 ) (183 ) (345 )
Foreign
exchange
income
(expense) 2,719 741 6,815 (3,100 )
---------- --------------------- ---------- -------------------
Total other
income
(expense), net 2,719 585 6,775 (3,416 )
---------- --------------------- ---------- -------------------
Income before
income taxes 292 2,088 1,401 197
(Benefit from)
provision for
income taxes (11 ) (80 ) 854 278
---------- --------------------- ---------- -------------------
Net income
(loss) $ 303 $ 2,168 $ 547 $ (81 )
---------- --------------------- ---------- -------------------
Net income
(loss)
available to
ordinary
shareholders -
basic $ 303 $ 1,572 $ 547 $ (81 )
---------- --------------------- ---------- -------------------
Net income
(loss)
available to
ordinary
shareholders -
diluted $ 303 $ 1,612 $ 547 $ (81 )
---------- --------------------- ---------- -------------------
Net income
(loss) per
ordinary
share:
Basic $ 0.01 $ 0.05 $ 0.01 $ (0.00 )
Diluted $ 0.01 $ 0.04 $ 0.01 $ (0.00 )
Weighted-
average number
of ordinary
shares
outstanding:
Basic 54,636 33,673 54,462 33,371
Diluted 58,513 36,991 58,022 33,371
MIMECAST LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
(unaudited)
At March
At September 30, 31,
2016 2016
------------------ ------------
Assets
Current assets
Cash and cash equivalents $ 110,501 $ 106,140
Accounts receivable, net 31,909 33,738
Prepaid expenses and other current assets 6,036 7,362
------------------ ------------
Total current assets 148,446 147,240
Property and equipment, net 28,597 24,806
Other assets 2,517 3,081
------------------ ------------
Total assets $ 179,560 $ 175,127
------------------ ------------
Liabilities and shareholders' equity
Current liabilities
Accounts payable $ 5,531 $ 2,891
Accrued expenses and other current
liabilities 16,773 15,110
Deferred revenue 63,089 60,889
Current portion of long-term debt 3,216 4,910
------------------ ------------
Total current liabilities 88,609 83,800
Deferred revenue, net of current portion 9,237 9,151
Long-term debt 716 1,981
Other non-current liabilities 1,874 2,121
------------------ ------------
Total liabilities 100,436 97,053
Contingencies
Shareholders' equity
Ordinary shares, $0.012 par value,
300,000,000 shares authorized;
54,831,388 and 54,216,738 shares issued
and outstanding at
September 30, 2016 and March 31, 2016,
respectively 658 651
Additional paid-in capital 174,883 169,037
Accumulated deficit (88,029 ) (88,576 )
Accumulated other comprehensive loss (8,388 ) (3,038 )
------------------ ------------
Total shareholders' equity 79,124 78,074
------------------ ------------
Total liabilities and shareholders' equity $ 179,560 $ 175,127
------------------ ------------
MIMECAST LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
----------- -------------------- ----------- ------------------
Operating
activities
Net income
(loss) $ 303 $ 2,168 $ 547 $ (81 )
Adjustments
to reconcile
net income
(loss) to
net cash
provided by
operating
activities:
Depreciation
and
amortization 2,897 2,671 5,661 5,207
Share-based
compensation
expense 2,265 1,136 4,308 1,979
Provision
for doubtful
accounts 30 - 50 25
Gain on
disposal of
fixed assets (7 ) (8 ) (5 ) (5 )
Non-cash
interest
expense 11 27 36 54
Excess tax
benefits
related to
exercise of
share
options 466 63 - (226 )
Unrealized
currency
(gain) loss
on foreign
denominated
intercompany
transactions (2,490 ) (610 ) (6,307 ) 2,757
Changes in
assets and
liabilities:
Accounts
receivable (1,346 ) (4,224 ) 782 (2,275 )
Prepaid
expenses and
other
current
assets (159 ) (741 ) 1,337 783
Other assets (39 ) (359 ) (39 ) (167 )
Accounts
payable 436 102 2,429 (446 )
Deferred
revenue 3,301 2,709 5,751 3,861
Accrued
expenses and
other
liabilities 1,813 1,204 2,238 483
----------- -------------------- ----------- ------------------
Net cash
provided by
operating
activities 7,481 4,138 16,788 11,949
Investing
activities
Purchases of
property and
equipment (4,143 ) (2,633 ) (9,729 ) (7,402 )
----------- -------------------- ----------- ------------------
Net cash
used in
investing
activities (4,143 ) (2,633 ) (9,729 ) (7,402 )
Financing
activities
Proceeds
from
exercises of
share
options 547 47 1,561 461
Excess tax
benefits
related to
exercise of
share
options (466 ) (63 ) - 226
Payments on
debt (1,197 ) (1,386 ) (2,490 ) (2,759 )
Payment of
deferred
initial
public
offering
issuance
costs - (1,582 ) - (1,582 )
----------- -------------------- ----------- ------------------
Net cash
used in
financing
activities (1,116 ) (2,984 ) (929 ) (3,654 )
Effect of
foreign
exchange
rates on
cash (379 ) (980 ) (1,769 ) 268
----------- -------------------- ----------- ------------------
Net increase
(decrease)
in cash and
cash
equivalents 1,843 (2,459 ) 4,361 1,161
Cash and
cash
equivalents
at beginning
of period 108,658 36,510 106,140 32,890
----------- -------------------- ----------- ------------------
Cash and
cash
equivalents
at end of
period $ 110,501 $ 34,051 $ 110,501 $ 34,051
----------- -------------------- ----------- ------------------
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 September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
(dollars in thousands)
Gross
profit
percentage 72 % 70 % 72 % 70 %
Revenue
constant
currency
growth
rate (1) 38 % 29 % 35 % 30 %
Revenue
retention
rate (2) 111 % 108 % 111 % 108 %
Total
customers
(3) 21,800 15,200 21,800 15,200
Adjusted
EBITDA (1) $ 2,735 $ 5,310 $ 4,595 $ 10,799
________________
(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 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
The following table presents a reconciliation of revenue growth rate, as
reported to revenue constant currency growth rate:
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
(dollars in thousands)
Reconciliation
of Revenue
Constant
Currency
Growth Rate:
Revenue, as
reported $ 44,361 $ 34,507 $ 85,821 $ 67,835
Revenue year-
over-year
growth rate,
as reported 29 % 21 % 27 % 22 %
Estimated
impact of
foreign
currency
fluctuations 9 % 8 % 8 % 8 %
Revenue
constant
currency
growth rate 38 % 29 % 35 % 30 %
The following table presents a reconciliation of net income (loss) to Adjusted
EBITDA:
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
(in thousands)
Reconciliation
of Adjusted
EBITDA:
Net income
(loss) $ 303 $ 2,168 $ 547 $ (81 )
Depreciation
and
amortization 2,897 2,671 5,661 5,207
Interest
expense, net - 156 40 316
(Benefit from)
provision for
income taxes (11 ) (80 ) 854 278
Share-based
compensation
expense 2,265 1,136 4,308 1,979
Foreign
exchange
(income)
expense (2,719 ) (741 ) (6,815 ) 3,100
---------- --------------------- ---------- ----------
Adjusted
EBITDA $ 2,735 $ 5,310 $ 4,595 $ 10,799
---------- --------------------- ---------- ----------
The following table presents a reconciliation of Net income (loss) to Non-GAAP
net income (in thousands, except per share amounts):
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
Reconciliation
of Non-GAAP
Net Income:
Net income
(loss) $ 303 $ 2,168 $ 547 $ (81 )
Share-based
compensation
expense 2,265 1,136 4,308 1,979
---------- --------------------- ---------- -------------------
Non-GAAP net
income $ 2,568 $ 3,304 $ 4,855 $ 1,898
---------- --------------------- ---------- -------------------
Non-GAAP net
income per
ordinary share
- basic $ 0.05 $ 0.10 $ 0.09 $ 0.06
---------- --------------------- ---------- -------------------
Weighted-
average number
of ordinary
shares used in
computing
Non-GAAP net
income per
ordinary share
- basic 54,636 33,673 54,462 33,371
---------- --------------------- ---------- -------------------
The following table presents a reconciliation of Net cash provided by operating
activities to Free Cash Flow (in thousands):
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
---------- --------------------- ---------- -------------------
Reconciliation
of Free Cash
Flow:
Net cash
provided by
operating
activities $ 7,481 $ 4,138 $ 16,788 $ 11,949
Purchases of
property and
equipment (4,143 ) (2,633 ) (9,729 ) (7,402 )
---------- --------------------- ---------- -------------------
Free Cash Flow $ 3,338 $ 1,505 $ 7,059 $ 4,547
---------- --------------------- ---------- -------------------
Share-based compensation expense for the three and six months ended September
30, 2016 and 2015 (in thousands):
Three months ended September 30, Six months ended September 30,
---------------------------------- --------------------------------
2016 2015 2016 2015
--------- ---------------------- --------- --------------------
Cost of
revenue $ 301 $ 107 $ 471 $ 129
Research and
development 361 45 733 74
Sales and
marketing 1,133 768 2,106 851
General and
administrative 470 216 998 925
--------- ---------------------- --------- --------------------
Total share-
based
compensation
expense $ 2,265 $ 1,136 $ 4,308 $ 1,979
--------- ---------------------- --------- --------------------
Revenue Constant Currency Growth Rate reconciliation (dollars in millions):
Three months ended September
30, Six months ended September 30,
-------------------------------- --------------------------------
% %
2017A 2016A Change 2017A 2016A Change
--------- --------- -------- --------- --------- --------
Total
revenue as
reported $ 44.4 $ 34.5 29 % $ 85.8 $ 67.8 27 %
Estimated
impact of
foreign
currency
fluctuations 9 % 8 %
Total
revenue
constant
currency
growth rate 38 % 35 %
Exchange
rate for
period
USD 1.000 1.000 1.000 1.000
ZAR 0.071 0.077 0.069 0.080
GBP 1.314 1.550 1.374 1.541
AUD 0.758 0.726 0.752 0.752
Media Contact:
Lona Therrien / Mimecast Limited / (781) 996-5340 / press(at)mimecast.com
Investor Contact:
Robert Sanders / Mimecast Limited / (781) 996-5340 / investors(at)mimecast.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Mimecast Limited via GlobeNewswire
Datum: 09.11.2016 - 22:15 Uhr
Sprache: Deutsch
News-ID 506055
Anzahl Zeichen: 41866
contact information:
Town:
London
Kategorie:
Business News
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