Mimecast Limited (MIME) Tops Q4 EPS by 3c; Guides Modestly Below Views

Mimecast Limited (NASDAQ: MIME) reported Q4 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $114.2 million versus the consensus estimate of $112.63 million.

“We are delighted to have added 3,700 net new customers to the Mimecast platform in 2020, including 1,200 in the fourth quarter, as we work to strengthen cyber resilience. This new customer growth combined with high customer retention was central to our fourth quarter overachievement relative to our guidance. We are adapting to the global COVID-19 pandemic, supporting our teams and providing the resources to serve our customers at the highest level,” stated Peter Bauer, CEO of Mimecast. Mimecast’s CFO, Rafe Brown, commented, “We recorded another year of record revenue and profitability, improving our bottom line and driving growth.”

GUIDANCE:

Mimecast Limited sees Q1 2021 revenue of $112.8-113.8 million, versus the consensus of $116.4 million.

Mimecast Limited sees FY2021 revenue of $475-485 million, versus the consensus of $493.5 million.

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

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