- Proofpoint (NASDAQ:PFPT) reported Q2 results yesterday after market close and exceeded estimates by posting EPS of $0.06, beating by $0.13, and revenue of $89.9M (+41% Y/Y) vs. estimates of $84.22M.
- Billings of $101.2M (+34% Y/Y).
- Raises guidance across FY16 billings, revenue, profitability and cash flow.
- GAAP operating loss of $32M vs. $19.1M Y/Y, citing $13.5M in expenses resulting from patent litigation.
- GAAP net income loss of $38.3M vs. $22.6M Y/Y.
- Adjusted EBITDA of $7.7M vs. $2.8M Y/Y.
- Free cash flow about even Y/Y.
- Q3 guidance for revenue of $93.5M-$94.5M, billings of $114M-$116M, adjusted EBITDA of $7.4M-$7.9M, non-GAAP EPS of $0.04-$0.06 and free cash flow of $8M-$10M.
- FY16 guidance for revenue of $361.5M-$363.5M, billings of $445M-$448, adjusted EBITDA of $24.5M-$25.5M, non-GAAP EPS of $0.06-$0.10 and free cash flow of $34M-$38M assuming $31M-$33M in capital expenditures.