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Sophos updates market ahead of Capital Markets Day

06 September 2017 07:10

Sophos said it is hosting a Capital Markets Day for analysts and investors today, during which the Sophos senior management and product leadership teams will provide an update on Sophos' strategy, markets, competitive position, technology, and financial model, alongside product demonstrations.

CEO Kris Hagerman commented: "Today we will illustrate the strength of customer demand in the markets in which we operate, reinforce our compelling competitive positon that is driven by a market-leading product set and channel focused sales model, and underscore the visibility and predictability of our SaaS subscription financial model.

"These are the core elements that drive our business and underpin our medium-term outlook of $1bn of billings by March 2020.

"We are pleased to confirm that the strong momentum in billings growth we reported in Q1 FY18 has accelerated in our second fiscal quarter to date and as a result we now expect FY18 billings growth of c.20%, compared to our previous guidance of mid to high-teens growth.

"We look forward to providing a further update with our half year results on 8 November."

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