Mimecast Limited (MIME) Tops Q3 EPS by 2c, Offers Q4 Guidance

Mimecast Limited (NASDAQ: MIME) reported Q3 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $110.2 million versus the consensus estimate of $108.11 million.

GUIDANCE:

Mimecast Limited sees Q4 2020 revenue of $112.9-114 million, versus the consensus of $112.8 million.

• For the fourth quarter of 2020, revenue is expected to be in the range of $112.9 million to $114.0 million and constant currency revenue growth is expected to be in the range of 23% to 24%. Adjusted EBITDA for the fourth quarter is expected to be in the range of $20.2 million to $21.2 million. Our revenue guidance for the fourth quarter is based on exchange rates as of January 31, 2020 and includes an estimated negative impact of $0.8 million resulting from the strengthening of the U.S. dollar compared to the prior year.

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

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