Mimecast Limited (MIME) Acquires MessageControl

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Mimecast Limited (MIME) Tops Q1 EPS by 6c, Revenues Beat; Offers 2Q & FY20 Revenue Guidance Above Consensus

August 3, 2020 4:53 PM EDT

Mimecast Limited (NASDAQ: MIME) reported Q1 EPS of $0.22, $0.06 better than the analyst estimate of $0.16. Revenue for the quarter came in at $115.2 million versus the consensus estimate of $113.3 million.

First Quarter Highlights

Total revenue of $115.2 million grew 16% year-over-year on a GAAP basis and 21% in constant currencyAdded 600 net new customers. Total customers 38,600 globallyRevenue retention rate of 106%GAAP gross profit percentage of 75%, Non-GAAP gross profit percentage of 77%GAAP EPS of $0.05 per diluted share, Non-GAAP EPS of $0.22 per diluted share

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