Sustained momentum in Q3; strong cash generation

Sophos Press Release

Oxford, 8 February 2017. Sophos Group plc (the “Group” / LSE: SOPH), a leading provider of cloud-enabled enduser and network security solutions, today issues its trading update for the third quarter and nine-months ended 31 December 2016.

Financial and operational highlights

  • Strong momentum continued in Q3 with 16.1% billings1 growth (18.3% at constant currency)
    • Particular strength in software subscription business with Sophos Central a key driver
    • Highly successful first full-quarter contribution from our industry-leading next-generation endpoint solution, Intercept X, with over 3,300 customers signed contributing to total enduser product billings growth in excess of 20%
    • Good momentum in network billings supported by recent product launches
    • A strong performance in Europe and an acceleration in the Americas, which delivered over 20% growth at constant currency, while APJ was steady against a strong prior-year comparative
    • Reported revenue on an accelerating trend increased by 11.0% in Q3 (13.4% at constant currency), strengthened by mid-teens growth in subscription revenue at constant currency
  • Strong visibility over future billings and revenue underpinned by expansion of the renewal book, further improvement in renewal rates and continued growth in new customers
  • Strong cash generation in the period, with unlevered free cash flow2 increasing by 28.4% to $18.1 million in Q3 and by 136.2% to $80.3 million for the nine-month period
  • The Board was strengthened through the appointment of new UK-based non-executive director
  • Improved outlook, with unlevered free cash flow now expected to more than double for the full-year

To read the full report, please go to

Più di 100 milioni di utenti in 150 paesi si affidano a Sophos, considerandola la migliore protezione contro minacce complesse e perdita dei dati. Sophos si impegna a fornire soluzioni di protezione completa facili da distribuire, gestire e utilizzare, e che offrano il più basso costo totale di proprietà del settore. Sophos offre soluzioni all'avanguardia per cifratura, sicurezza degli endpoint, Web, e-mail, dispositivi mobili e della rete, grazie al supporto dei SophosLabs: la nostra rete mondiale di centri di prevenzione delle minacce.

Le sedi centrali di Sophos sono situate a Boston, USA, e ad Oxford, Regno Unito.