- Along with its Q2 results, FireEye (FEYE) announces CFO Michael Sheridan is leaving to become the CFO of a private tech company in "an unrelated industry." Finance VP Frank Verdecanna will serve as interim CFO while the company looks for Sheridan's successor.
- FireEye's Q2 beat has been accompanied by guidance for Q3 revenue of $164M-$168M and EPS of -$0.44 to -$0.48 vs. a consensus of $164.3M and -$0.46, and full-year revenue of $630M-$645M and EPS of -$1.70 to -$1.80 vs. a consensus of $631.6M and -$1.80. However, expectations are much higher now than they were were to start the year (Tableau can relate).
- Q2 billings totaled $178.3M, +57% Y/Y, above guidance of $165M-$170M, and above revenue of $147.2M. Q3 billings guidance is at $225M-$230M, and full-year guidance has been hiked to $840M-$850M from $825M-$835M. Billings growth led the deferred revenue balance to rise 77% Y/Y to $409.9M.
- Shares have fallen to $45.85 AH.
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Q2 results, PR