Proofpoint (PFPT) reported earnings on Thur 31 Jan 19 (a/h)

** charts after earnings **

 

Proofpoint beats by $0.16, beats on revs; guides Q1 above; raises FY19 EPS, in-line, reaffirms revs below

• Reports Q4 (Dec) earnings of $0.51 per share, excluding non-recurring items, $0.16 better than the S&P Capital IQ Consensus of $0.35; revenues rose 35.1% year/year to $198.5 mln vs the $192.43 mln S&P Capital IQ Consensus.
  • Billings of $269.9 million, up 43% year-over-year
• Co issues in-line guidance for Q1, sees EPS of $0.31-0.35, excluding non-recurring items, vs. $0.31 S&P Capital IQ Consensus; sees Q1 revs of $198-200 mln vs. $197.81 mln S&P Capital IQ Consensus.
  • Billings are expected to be in the range of $211.5 million to $213.5 million.
  • Free cash flow during the quarter is expected to be in the range of $38.0 million to $40.0 million, which assumes capital expenditures of approximately $9.0 million.
• Co issues guidance for FY19, raises EPS to $1.60-1.67 from $1.58-1.65, excluding non-recurring items, vs. $1.64 S&P Capital IQ Consensus; reaffirms FY19 revs of $870-874 mln vs. $876.51 mln S&P Capital IQ Consensus.
  • Billings are expected to be in the range of $1,058.0 million to $1,062.0 million.
  • Free cash flow for the full year is expected to be in the range of $196.0 million to $200.0 million, which assumes capital expenditures of ~$38.0 million for the full year.