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Trading statements

Sophos profit falls as subscription billings rise

27 July 2017 08:26

Software company Sophos (SOPH) made an adjusted operating profit of $3.4m in the first quarter, down 63.8% from a year earlier.

It said this reflected the higher proportion of subscription billings, the majority of which are deferred and recognised as revenue in future periods.

Revenue increased 14% at constant currency with the subscription component up 20%.

First quarter billings increased by 16% (+19% at constant currency), with strong performance in enduser security, Intercept X and the Sophos Central cloud management platform.

At constant currency, the Americas increased by over 25%.

At 8:26am: (LON:SOPH) Sophos Group Plc share price was -1.3p at 483.2p

Story provided by StockMarketWire.com

Related Company: SOPH

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