=FireEye (FEYE) reported earnings on Tue 2 May 2017 (a/h)

FireEye beats by $0.17, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY17 EPS above consensus, revs above consensus :

• Reports Q1 (Mar) loss of $0.09 per share, $0.17 better than the Capital IQ Consensus of ($0.26); revenues rose 3.4% year/year to $173.7 mln vs the $163.62 mln Capital IQ Consensus. Q1 Billings 152.4 mln compared to guidance of $130-150 mln.
  • Billings of $152.4 million, a decrease of 18 percent from the first quarter of 2016 and above the guidance range of $130 to $150 million.
• Co issues upside guidance for Q2, sees EPS of ($0.14)-($0.10), excluding non-recurring items, vs. ($0.15) Capital IQ Consensus Estimate; sees Q2 revs of $173-179 mln vs. $172.70 mln Capital IQ Consensus Estimate.
  • Non-GAAP gross margin of approximately 72 percent.
  • Non-GAAP operating margin of approximately negative 9 percent to negative 10 percent of revenue.
  • Cash flow from operations of negative $17 million to negative $27 million.
• Co issues upside guidance for FY17, sees EPS of ($0.36)-($0.26), excluding non-recurring items, vs. ($0.48) Capital IQ Consensus Estimate; sees FY17 revs of $724-736 mln vs. $722.79 mln Capital IQ Consensus Estimate.
  • Billings in the range of $745 million to $775 million.
  • Positive non-GAAP operating income in the fourth quarter of 2017.
  • Non-GAAP net loss per share of $0.26 to $0.36.
  • Positive cash flow from operations of $1 to $10 million.
  • Capital expenditures between $40 and $50 million. Capital expenditures expectations for 2017 include an estimated $22 million in capital expenses associated with the expected move of the company's headquarters from five separate buildings to a single building in Milpitas in mid-2017.