The following sets out Sophos Holdings Limited’s selected group operational and financial results for the twelve months ended 31 December 2014.
Overall Billings: |
$458m |
Enduser Billings: $220.2m |
|
Reported Billings Growth |
18.0% |
Enduser Billings Growth 7.9% UTM/NGFW Billings Growth 43.5% |
|
Revenue |
$428.0m |
Revenue Growth |
13.0% |
Cash EBITDA(1) |
$111.5m |
Cash EBITDA Margin(2) |
24.3% |
Operating Cash Flow(3) |
$100.0m |
Cash Conversion(4) |
89.7% |
(1) Sophos defines Cash EBITDA as EBITDA further adjusted for the difference between billings and revenue. Billings are only recognized if invoiced and cash is collected up front.
(2) Cash EBITDA Margin is calculated as Cash EBITDA as a percent of overall Billings.
(3) Operating Cash Flow is defined as Cash EBITDA less capital expenditures.
(4) Cash Conversion is calculated as Operating Cash Flow as a percentage of Cash EBITDA.