Sophos Group PLC Trade Update and Notice of Final Results

April 04, 2017 Sophos Press Release

Oxford, U.K. – April 4, 2017 Sophos (LSE:SOPH), a global leader in network and endpoint security today announced that following a very strong end to the fourth quarter, it is pleased to provide a trading update in advance of announcing its final results for the year ended March 31, 2017.

Sophos expects to report fourth quarter constant currency billings growth of approximately 27 percent, excluding any benefit from the recently announced acquisition of Invincea. Full year constant currency billings growth is expected to be approximately 20 percent. Reported billings, allowing for the currency headwind, are expected to grow approximately 18 percent to $630 million from $535 million in the year-ended March 31, 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.

Sophos will announce its final results for the year-ended March 31, 2017 on May 17, 2017.