Mimecast Limited (MIME) Tops Q2 EPS by 3c, Revenues Beat; Offers FY19 Revenue Outlook

Mimecast Limited (NASDAQ: MIME) reported Q2 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $82.2 million versus the consensus estimate of $80.75 million.

Total revenue of $82.2 million grew 30% yoy on a GAAP basis and 32% in constant currency
Added 900 new customers. Total customers 32,200 globally
Revenue retention rate of 110%
Gross profit percentage of 73%
GAAP EPS of $(0.03) per diluted share, Non-GAAP EPS of $0.06 per diluted share

LEXINGTON, Mass., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME), a leading email and data security company, today announced financial results for the second quarter ended September 30, 2018.

“We strengthened our ability to provide comprehensive cyber resilience solutions to customers on the Mimecast platform. We are adding more customers to the platform every day, broadening the base of products we sell them and enjoying industry leading retention rates from our existing base.” stated Peter Bauer, CEO of Mimecast. Mimecast’s CFO Peter Campbell noted, “We enjoyed another record quarter of strong execution, exceeding our guidance on the top and bottom line. We are proud of our ability to show increased leverage even as we maintain strong growth.”

GUIDANCE:

Mimecast Limited sees FY2019 revenue of $330.8-334.2 million, versus the consensus of $332.58 million.

For earnings history and earnings-related data on Mimecast Limited (MIME) click here.

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