Proofpoint Announces Third Quarter 2020 Financial Results
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UPDATE: Proofpoint (PFPT) Tops Q3 EPS by 20c, Revenues Beat; Raises FY20 Revenue Guidance, Offers 4Q & FY20 EPS Guidance Above Consensus
October 29, 2020 5:00 PM EDT(Updated - October 29, 2020 5:01 PM EDT)
Proofpoint (NASDAQ: PFPT) reported Q3 EPS of $0.59, $0.20 better than the analyst estimate of $0.39. Revenue for the quarter came in at $266.7 million versus the consensus estimate of $261.4 million.
Third Quarter Highlights
Total revenue of $266.7 million, up 17% year-over-yearBillings of $294.4 million, up 6% year-over-yearGAAP EPS of $(0.55) per share, Non-GAAP EPS of $0.59 per shareOperating cash flow of $86.0 million and free cash flow of $64.6 millionIncreasing FY20 guidance for revenue, Non-GAAP net income and free cash flowOur strong third quarter results represent another great... More
