31st Jul 2015 08:09
LONDON (Alliance News) - Security software and hardware developer Sophos Group PLC on Friday said its revenue rose in the first quarter of its 2016 financial year, with a good performance across its regional operations.
Sophos said its billings in the first quarter totalled USD113.3 million, up 12% from the USD101.6 million it posted a year earlier, as revenue increased in its Americas, Europe, Middle East and Africa and Asia-Pacific and Japan regional operations.
On a product basis, revenue also increased for its network, end-user and other billing lines.
"We are pleased to report continued strength across all regions and product categories in the first quarter. Given this encouraging start, we remain confident in our expectations for the full financial year as we deliver on our strategy to be the best in the world at delivering complete, enterprise-grade IT security for mid-market organizations and the channel that serves them," said Sophos Chief Executive Kris Hagerman.
Sophos shares began full trading on the London Stock Exchange at the start of the month. With a market capitalisation of GBP1.01 billion at it float and GBP1.11 billion currently, it was the biggest recent technology IPO in London.
Sophos shares were trading up 0.1% at 247.16 pence on Friday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Sophos Group