MobileIron (MOBL) Misses Q1 EPS by 1c; Slight Miss on Revenues; Offers 2Q & FY19 Revenue Outlook

MobileIron (NASDAQ: MOBL) reported Q1 EPS of ($0.06), $0.01 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $48.1 million versus the consensus estimate of $48.15 million.

• Revenue was $48.1 million, up 10% year-over-year.
• ARR was $167.2 million, up 18% year-over-year.
• Cash generated in operating activities was $7.8 million.

“MobileIron began 2019 with a solid first quarter, delivering revenue growth of 10% and robust ARR growth of 18%. Our team is executing on our objective of growing our recurring revenue base through subscription solutions with our best-in-class cloud products,” said Simon Biddiscombe, CEO, MobileIron. “As IT departments shift to address the threats of a Zero Trust world, we believe we are ideally poised to capitalize on this market. Already possessing the most comprehensive mobile security suite to address a Zero Trust environment, MobileIron will continue to deliver a roadmap of innovation to strengthen our security framework while enhancing the user’s experience. I am confident that our focus on market-leading innovation and customer satisfaction will continue to propel us on our upward growth trajectory.”

GUIDANCE:

MobileIron sees Q2 2019 revenue of $49-52 million, versus the consensus of $50.66 million.

MobileIron sees FY2019 revenue of $205-215 million, versus the consensus of $211.66 million.

For earnings history and earnings-related data on MobileIron (MOBL) click here.

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