Mimecast beats by $0.03, beats on revs; guides Q4 revs above consensus; guides FY20 revs above consensus; appoints new CFO
- Reports Q3 (Dec) earnings of $0.09 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.06; revenues rose 30.2% year/year to $87.61 mln vs the $84.78 mln S&P Capital IQ Consensus.
- Adjusted EBITDA was $16.0 million, representing an Adjusted EBITDA margin of 18.2% up from 10.0% in the third quarter of 2018.
- Co issues upside guidance for Q4, sees Q4 revs of $90.6-91.5 mln vs. $87.88 mln S&P Capital IQ Consensus.
- Adjusted EBITDA for the fourth quarter is expected to be in the range of $14.7 million to $15.7 million.
- Co issues upside guidance for FY20, sees FY20 revs of $413-427 mln vs. $405.08 mln S&P Capital IQ Consensus.
- Mimecast Limited also announced the appointment of Rafe Brown to the position of CFO, effective March 18, 2019.
- Rafe served as the Senior Vice President, Chief Financial Officer and Treasurer of SevOne, Inc., a provider of digital infrastructure management solutions.
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