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Proofpoint reports upside Q2, raises FY forecast

Jul. 30, 2020 4:18 PM ETProofpoint, Inc. (PFPT) StockPFPTBy: Brandy Betz, SA News Editor6 Comments
  • For FY20, Proofpoint (NASDAQ:PFPT) now sees revenue of $1.035-1.037B (consensus: $1.02B), $1.64-1.70 EPS (consensus: $1.51) , and FCF of $130-140M. Non-GAAP gross margin stays at 80%.
  • Q2 results beat estimates on the top and bottom line with a 21 % Y/Y revenue growth.
  • Q2 Billings were up 8% Y/Y to $250M.
  • Adjusted gross margin was 80%, above the 79% consensus.
  • Operating cash flow totaled $30.6M with FCF of $18.8M.
  • Earnings call starts at 4:30 PM with a webcast here.
  • Press release.

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