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Trading statements

Sophos sees FY constant currency billings up c.20%

04 April 2017 07:24

Sophos Group said its FY constant currency billings growth is expected to be about 20%, with that in Q4 about 27%, excluding any benefit from the recently announced acquisition of Invincea.

In a FY trading update, the company said reported billings, allowing for currency headwinds, were expected to grow about 18% to $630m, from $535m in the year to 31 March 2016, ahead of the consensus of $610m-$617m.

"Consequently, Cash EBITDA and unlevered free cash flow are also expected to be ahead of the consensus range," the company said.

Story provided by StockMarketWire.com

Related Company: SOPH

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