Mimecast Announces Third Quarter 2021 Financial Results
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Mimecast Limited (MIME) Tops Q3 EPS by 9c, Revenues Beat; Offers 4Q & FY21 Revenue Guidance Above Consensus, FY22 Revenue Outlook Below Consensus
February 3, 2021 8:15 AM ESTMimecast Limited (NASDAQ: MIME) reported Q3 EPS of $0.33, $0.09 better than the analyst estimate of $0.24. Revenue for the quarter came in at $129.6 million versus the consensus estimate of $126.67 million.
Overall Highlights
Total revenue of $129.6 million grew 18% year-over-year on a GAAP basis and 17% in constant currency.Solid execution of multi-product strategy drives average services per customer to 3.5 from 3.3 in the same quarter last year.Added 500 net new customers. Total customers 39,600 globally.Significant wins in enterprise, including 24 six-figure deals.Net Revenue retention rate of 104%.GAAP gross profit percentage of... More