MobileIron (MOBL) Posts Smaller Q2 Loss, Guides Sales Above the Street

MobileIron (NASDAQ: MOBL) reported Q2 EPS of ($0.52), $0.18 better than the analyst estimate of ($0.70). Revenue for the quarter came in at $30 million versus the consensus estimate of $26.84 million.

MobileIron sees Q3 2014 revenue of $30-32 million, versus the consensus of $28.5 million.

MobileIron sees FY2014 revenue of $115-125 million, versus the consensus of $113 million.

"During the second quarter, we were pleased that our results demonstrate how quickly Mobile IT is accelerating in the enterprise market. Our results are driven by customers increasing adoption of mobility and customers progressing on their journey to become Mobile First organizations. Customers are moving beyond just secure email and now require secure mobile applications and secure access to mobile content and documents on all the major mobile operating systems," said Bob Tinker, CEO, MobileIron. "The mobile world is evolving and our customers are evolving with it. For example, at our recent user conference, in addition to iOS, over 70% of attendees have deployed Android. Also, 55% of attendees said they will end-of-life their BlackBerry Smartphones by year's end. We thank our global customers for their business and we continue to invest in our best-of-breed platform to enable their Mobile First initiatives in this multi-OS world."

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

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