Mimecast Announces Third Quarter 2017 Financial Results
(Thomson Reuters ONE) -
* Total revenue of $48.3 million grew 30% yoy on a GAAP basis and 39% in
constant currency
* Added 3,100 new customers. Total customers 24,900 globally
* Revenue retention rate of 112%
* Gross profit percentage of 73%
* GAAP EPS of ($0.06) per basic and diluted share, Non-GAAP EPS of $0.00 per
basic and diluted share
* Increasing 2017 constant currency revenue growth and Adjusted EBITDA
guidance
WATERTOWN, Mass., Feb. 09, 2017 (GLOBE NEWSWIRE) -- Mimecast Limited
(NASDAQ:MIME), a leading email and data security company, today announced
financial results for the third quarter ended December 31, 2016.
"Our momentum in the marketplace continues to accelerate," stated Peter Bauer,
CEO of Mimecast. "We were named a leader with the highest ability to execute in
Gartner's 2016 Magic Quadrant for Enterprise Information Archiving highlighting
one of the core tenants of Mimecast's platform for enhancing customers' cyber
resilience."
Mimecast's CFO Peter Campbell noted, "We are very pleased that we again exceeded
our guidance for revenue and Adjusted EBITDA. Our revenue growth in constant
currency accelerated to 39% year over year. We added a record number of new
customers again this quarter giving us confidence in future growth."
Third Quarter 2017 Financial Highlights
* Revenue: GAAP revenue for the third quarter of 2017 was $48.3 million, an
increase of 30% compared to the $37.1 million of GAAP revenue recognized in
the third quarter of 2016. Revenue on a constant currency basis increased
39% compared to the third quarter of 2016.
* Customers: Added 3,100 net new customers in the third quarter of 2017. We
now serve over 24,900 organizations globally.
* Revenue Retention Rate: Revenue retention rate was 112% in the third quarter
of 2017, an increase from the 111% recognized in the prior quarter and up
from the 109% in the third quarter of 2016.
* Gross Profit Percentage: Gross profit percentage was 73% for the third
quarter of 2017, an increase over the 71% realized in the third quarter of
2016.
* GAAP Net Loss: GAAP net loss was $3.4 million, or $(0.06) per basic and
diluted share, based on 54.9 million weighted-average shares outstanding.
* Adjusted EBITDA: Adjusted EBITDA was $3.7 million, representing an Adjusted
EBITDA margin of 7.6% up from 6.2% in the second quarter of 2017.
* Non-GAAP Net Income: Non-GAAP net income was $0.1 million, or $0.00 per
share, based on 59.8 million diluted shares outstanding.
* Cash and Free Cash Flow: Mimecast generated $2.2 million of free cash flow
in the third quarter of 2017. Cash and short-term investments as of December
31, 2016 were $102.3 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."
Third Quarter 2017 Business Highlights
* Mimecast added 3,100 net new customers in the third quarter. Customers
moving off solutions from McAfee contributed to the strength of our new
customer additions.
* Sales of Targeted Threat Protection increased during the third quarter, with
more than 1,600 new customers and over 500 existing customers purchasing the
service. Organizations continue to be challenged by advanced threats and
increasingly are turning to Mimecast for protection. A total of 33% of our
customers are now using Targeted Threat Protection.
* A total of 19% of customers used Mimecast in conjunction with
Microsoft(®) Office 365(TM) during the third quarter compared to 17% in the
second quarter of 2017. In total, almost 5,000 customers of all sizes have
selected Mimecast to enhance their security, archive their data, and to
provide uptime assurance for their Office 365 investments.
* Mimecast named to the Leaders quadrant in the 2016 Gartner Magic Quadrant
for Enterprise Information Archiving.
* Mimecast named a 'Top Player' in Radicati Group Secure Email Gateway Market
Quadrant 2016.
* Mimecast achieved certification to ISO 22301:2012, the international
standard for Business Continuity Management Systems (BCMS). The
certification, issued by Certification Europe (UK) Ltd., is valid for
Mimecast's service platform, products, infrastructure, support, operational
services and facilities worldwide.
* Mimecast expanded the leadership team with the addition of Eli Kalil as
Senior Vice President of Global Channel.
* Mimecast named one of the highest-rated public cloud computing companies to
work for in a list released by Battery Ventures, a global investment firm
and Glassdoor, a global recruiting marketplace.
Business Outlook
Mimecast is providing guidance for the fourth quarter and raising full year
2017 guidance.
Fourth Quarter 2017 Guidance:
For the fourth quarter of 2017, constant currency revenue growth is expected to
be in the range of 35% to 36% and revenue is expected to be in the range of
$48.6 million to $49.1 million. Our guidance is based on exchange rates as of
January 31, 2017 and includes an estimated negative impact of $1.2 million
resulting from the strengthening of the U.S. dollar compared to the prior year.
This negative impact was due to the British Pound but was offset slightly by
positive impacts from the South African Rand and the Australian Dollar. Note
that the inclusion of revenue related to the acquisition of iSheriff is
immaterial to this guidance. Adjusted EBITDA is expected to be in the range of
$3.0 million to $3.8 million.
Full Year 2017 Guidance:
For the full year 2017, revenue is expected to be the range of $182.7 million to
$183.2 million or 36% in constant currency. We are raising the midpoint of our
revenue guidance by $4.5 million for the year. Foreign exchange rate
fluctuations are negatively impacting this guidance by an estimated
$9.9 million. Adjusted EBITDA is expected to be in the range of $11.2 million to
$12.0 million.
GAAP net loss is the most comparable GAAP measure to Adjusted EBITDA. Adjusted
EBITDA differs from GAAP net loss in that it excludes depreciation and
amortization, share-based compensation expense, interest income and interest
expense, the provision for income taxes and foreign exchange (expense) income.
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 loss or a reconciliation of the foregoing
forward-looking Adjusted EBITDA guidance to GAAP net loss.
Conference Call and Webcast Information
Mimecast will host a conference call to discuss these financial results for
investors and analysts at 4:30 pm EST (UTC-05:00) on February 9, 2017. 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 #51107376. 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 #51107376. 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
24,900 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.
Mimecast and the Mimecast logo are registered trademarks of Mimecast. All other
third party marks and logos contained in this work are the property of their
respective owners.
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 management's confidence in Mimecast's
future growth, the expected continued momentum of Mimecast in the marketplace
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 the fourth 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, adjusted to exclude: depreciation and amortization,
share-based compensation expense, interest income and interest expense, the
provision for income taxes and foreign 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 income. We define non-GAAP net income as net loss less share-based
compensation expense and the related income tax effects of excluding 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 and related income tax effects 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 loss calculated in accordance with GAAP. For example, as noted
above, non-GAAP net income excludes share-based compensation expense and related
income tax effects. 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 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
Securities and Exchange Commission.
MIMECAST LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(unaudited)
Nine
Three months ended December months ended December
31, 31,
----------------------------- -------------------------
2016 2015 2016 2015
---------- ---------------- ----------- -----------
Revenue $ 48,333 $ 37,130 $ 134,154 $ 104,965
Cost of revenue 13,144 10,651 36,860 30,720
---------- ---------------- ----------- -----------
Gross profit 35,189 26,479 97,294 74,245
---------- ---------------- ----------- -----------
Operating expenses
Research and
development 5,889 5,464 15,986 12,927
Sales and
marketing 25,336 17,607 69,665 45,584
General and
administrative 6,994 5,546 20,047 14,259
---------- ---------------- ----------- -----------
Total operating
expenses 38,219 28,617 105,698 72,770
---------- ---------------- ----------- -----------
(Loss) income from
operations (3,030 ) (2,138 ) (8,404 ) 1,475
Other income
(expense)
Interest income 164 13 307 42
Interest expense (61 ) (227 ) (244 ) (572 )
Foreign exchange
(expense) income (81 ) 1,204 6,734 (1,896 )
---------- ---------------- ----------- -----------
Total other income
(expense), net 22 990 6,797 (2,426 )
---------- ---------------- ----------- -----------
Loss before income
taxes (3,008 ) (1,148 ) (1,607 ) (951 )
Provision for
income taxes 362 51 1,216 329
---------- ---------------- ----------- -----------
Net loss $ (3,370 ) $ (1,199 ) $ (2,823 ) $ (1,280 )
---------- ---------------- ----------- -----------
Net loss per
ordinary share -
basic and diluted $ (0.06 ) $ (0.03 ) $ (0.05 ) $ (0.04 )
Weighted-average
number of ordinary
shares
outstanding:
Basic and diluted 54,949 42,514 54,625 36,409
MIMECAST LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
(unaudited)
At March
At December 31, 31,
2016 2016
----------------- ------------
Assets
Current assets
Cash and cash equivalents $ 47,862 $ 106,140
Short-term investments 54,423 -
Accounts receivable, net 38,275 33,738
Prepaid expenses and other current assets 6,715 7,362
----------------- ------------
Total current assets 147,275 147,240
Long-term investments 2,995 -
Property and equipment, net 30,124 24,806
Intangible assets, net 1,633 -
Goodwill 5,370 254
Other assets 2,179 2,827
----------------- ------------
Total assets $ 189,576 $ 175,127
----------------- ------------
Liabilities and shareholders' equity
Current liabilities
Accounts payable $ 6,723 $ 2,891
Accrued expenses and other current
liabilities 18,054 15,110
Deferred revenue 70,414 60,889
Current portion of long-term debt 2,454 4,910
----------------- ------------
Total current liabilities 97,645 83,800
Deferred revenue, net of current portion 10,229 9,151
Long-term debt 171 1,981
Other non-current liabilities 1,693 2,121
----------------- ------------
Total liabilities 109,738 97,053
Contingencies
Shareholders' equity
Ordinary shares, $0.012 par value,
300,000,000 shares authorized; 55,121,038
and 54,216,738 shares issued and
outstanding at December 31, 2016 and
March 31, 2016, respectively 661 651
Additional paid-in capital 178,900 169,037
Accumulated deficit (91,399 ) (88,576 )
Accumulated other comprehensive loss (8,324 ) (3,038 )
----------------- ------------
Total shareholders' equity 79,838 78,074
----------------- ------------
Total liabilities and shareholders' equity $ 189,576 $ 175,127
----------------- ------------
MIMECAST LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Nine
Three months ended December months ended December
31, 31,
----------------------------- -------------------------
2016 2015 2016 2015
----------- --------------- ----------- -----------
Operating
activities
Net loss $ (3,370 ) $ (1,199 ) $ (2,823 ) $ (1,280 )
Adjustments to
reconcile net loss
to net cash
provided by
operating
activities:
Depreciation and
amortization 3,042 2,735 8,703 7,942
Share-based
compensation
expense 3,641 3,950 7,949 5,929
Provision for
doubtful accounts 33 12 83 37
Loss (gain) on
disposal of fixed
assets 2 (15 ) (3 ) (20 )
Other non-cash
items 30 27 66 81
Excess tax
benefits related
to exercise of
share options - 150 - (76 )
Unrealized
currency loss
(gain) on foreign
denominated
transactions 14 (1,165 ) (6,293 ) 1,592
Changes in assets
and liabilities:
Accounts
receivable (6,820 ) (3,250 ) (6,038 ) (5,525 )
Prepaid expenses
and other current
assets (828 ) (1,054 ) 509 (271 )
Other assets 1 151 (38 ) (16 )
Accounts payable 22 186 2,451 (260 )
Deferred revenue 9,453 6,098 15,204 9,959
Accrued expenses
and other
liabilities 609 669 2,847 1,152
----------- --------------- ----------- -----------
Net cash provided
by operating
activities 5,829 7,295 22,617 19,244
Investing
activities
Purchases of
investments (57,514 ) - (57,514 ) -
Purchases of
property and
equipment (3,628 ) (3,373 ) (13,357 ) (10,775 )
Payments for
acquisitions (5,574 ) - (5,574 ) -
----------- --------------- ----------- -----------
Net cash used in
investing
activities (66,716 ) (3,373 ) (76,445 ) (10,775 )
Financing
activities
Proceeds from
exercises of share
options 402 177 1,963 638
Excess tax
benefits related
to exercise of
share options - (150 ) - 76
Payments on debt (1,139 ) (1,361 ) (3,629 ) (4,120 )
Proceeds from
initial public
offering, net of
issuance costs - 70,014 - 68,432
----------- --------------- ----------- -----------
Net cash (used in)
provided by
financing
activities (737 ) 68,680 (1,666 ) 65,026
Effect of foreign
exchange rates on
cash (1,015 ) (682 ) (2,784 ) (414 )
----------- --------------- ----------- -----------
Net (decrease)
increase in cash
and cash
equivalents (62,639 ) 71,920 (58,278 ) 73,081
Cash and cash
equivalents at
beginning of
period 110,501 34,051 106,140 32,890
----------- --------------- ----------- -----------
Cash and cash
equivalents at end
of period $ 47,862 $ 105,971 $ 47,862 $ 105,971
----------- --------------- ----------- -----------
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:
Nine
Three months ended December months ended December
31, 31,
----------------------------- -----------------------
2016 2015 2016 2015
---------- ---------------- ---------- ----------
(dollars in thousands)
Gross profit
percentage 73 % 71 % 73 % 71 %
Revenue constant
currency growth rate
(1) 39 % 32 % 36 % 31 %
Revenue retention
rate (2) 112 % 109 % 112 % 109 %
Total customers (3) 24,900 16,200 24,900 16,200
Adjusted EBITDA (1) $ 3,653 $ 4,547 $ 8,248 $ 15,346
________________
(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:
Nine
Three months ended December months ended December
31, 31,
----------------------------- -------------------------
2016 2015 2016 2015
---------- ---------------- ----------- -----------
(dollars in thousands)
Reconciliation of
Revenue Constant
Currency
Growth Rate:
Revenue, as
reported $ 48,333 $ 37,130 $ 134,154 $ 104,965
Revenue year-over-
year growth rate,
as reported 30 % 24 % 28 % 23 %
Estimated impact
of foreign
currency
fluctuations 9 % 8 % 8 % 8 %
Revenue constant
currency growth
rate 39 % 32 % 36 % 31 %
The following table presents a reconciliation of net loss to Adjusted EBITDA:
Nine
Three months ended December months ended December
31, 31,
----------------------------- -----------------------
2016 2015 2016 2015
---------- ---------------- ---------- ----------
(in thousands)
Reconciliation of
Adjusted EBITDA:
Net loss $ (3,370 ) $ (1,199 ) $ (2,823 ) $ (1,280 )
Depreciation and
amortization 3,042 2,735 8,703 7,942
Interest (income)
expense, net (103 ) 214 (63 ) 530
Provision for income
taxes 362 51 1,216 329
Share-based
compensation expense 3,641 3,950 7,949 5,929
Foreign exchange
expense (income) 81 (1,204 ) (6,734 ) 1,896
---------- ---------------- ---------- ----------
Adjusted EBITDA $ 3,653 $ 4,547 $ 8,248 $ 15,346
---------- ---------------- ---------- ----------
The following table presents a reconciliation of Net loss to Non-GAAP net income
(in thousands, except per share amounts):
Nine
Three months ended December months ended December
31, 31,
----------------------------- -----------------------
2016 2015 2016 2015
---------- ---------------- ---------- ----------
Reconciliation of
Non-GAAP Net Income:
Net loss $ (3,370 ) $ (1,199 ) $ (2,823 ) $ (1,280 )
Share-based
compensation expense 3,641 3,950 7,949 5,929
Provision for income
taxes 206 109 411 309
---------- ---------------- ---------- ----------
Non-GAAP net income $ 65 $ 2,642 $ 4,715 $ 4,340
---------- ---------------- ---------- ----------
Non-GAAP net income
per ordinary share -
basic $ 0.00 $ 0.06 $ 0.09 $ 0.12
---------- ---------------- ---------- ----------
Non-GAAP net income
per ordinary share -
diluted $ 0.00 $ 0.06 $ 0.08 $ 0.11
---------- ---------------- ---------- ----------
Weighted-average
number of ordinary
shares used in
computing Non-GAAP
net income per
ordinary share:
Basic 54,949 42,514 54,625 36,409
Diluted 59,755 45,995 58,545 39,936
The following table presents a reconciliation of Net cash provided by operating
activities to Free Cash Flow (in thousands):
Nine
Three months ended December months ended December
31, 31,
----------------------------- -------------------------
2016 2015 2016 2015
---------- ---------------- ----------- -----------
Reconciliation of
Free Cash Flow:
Net cash provided
by operating
activities $ 5,829 $ 7,295 $ 22,617 $ 19,244
Purchases of
property and
equipment (3,628 ) (3,373 ) (13,357 ) (10,775 )
---------- ---------------- ----------- -----------
Free Cash Flow $ 2,201 $ 3,922 $ 9,260 $ 8,469
---------- ---------------- ----------- -----------
Share-based compensation expense for the three and nine months ended December
31, 2016 and 2015 (in thousands):
Nine
Three months ended December months ended December
31, 31,
----------------------------- -----------------------
2016 2015 2016 2015
--------- ----------------- --------- -----------
Cost of revenue $ 730 $ 350 $ 1,201 $ 479
Research and
development 735 1,293 1,468 1,367
Sales and marketing 1,531 1,481 3,637 2,331
General and
administrative 645 826 1,643 1,752
--------- ----------------- --------- -----------
Total share-based
compensation expense $ 3,641 $ 3,950 $ 7,949 $ 5,929
--------- ----------------- --------- -----------
Revenue Constant Currency Growth Rate reconciliation (dollars in millions):
Three months ended December
31, Nine months ended December 31,
-------------------------------- --------------------------------
% %
2017A 2016A Change 2017A 2016A Change
--------- --------- -------- --------- --------- --------
Total
revenue as
reported $ 48.3 $ 37.1 30 % $ 134.2 $ 105.0 28 %
Estimated
impact of
foreign
currency
fluctuations 9 % 8 %
Total
revenue
constant
currency
growth rate 39 % 36 %
Exchange
rate for
period
USD 1.000 1.000 1.000 1.000
GBP 1.244 1.518 1.331 1.533
ZAR 0.072 0.071 0.070 0.077
AUD 0.749 0.720 0.751 0.741
Mimecast Social Media Resources
* LinkedIn: Mimecast
* Facebook: Mimecast
* Twitter: (at)Mimecast
* Blog: Challenging Complexity
Press Contact
Alison Raymond Walsh
Press(at)Mimecast.com
617-393-7126
Investor Contact
Robert Sanders
Investors(at)Mimecast.com
781-996-5340
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: 09.02.2017 - 22:05 Uhr
Sprache: Deutsch
News-ID 523311
Anzahl Zeichen: 42317
contact information:
Town:
London
Kategorie:
Business News
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