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August 02, 2015 10:40 PM ET

Software

Company Overview of Proofpoint, Inc.

Company Overview

Proofpoint, Inc. provides threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery, and secure communication solutions worldwide. The company’s security-as-a-service solutions comprises an integrated suite of on-demand data protection solutions that enable large and mid-sized organizations to defend, protect, archive, and govern their sensitive data. It provides Proofpoint Enterprise Protection, a communications and collaboration security suite designed to protect customers' mission-critical messaging infrastructure from outside threats, including spam, phishing, unpredictable email volumes, malware, and other forms of objectionable or dangerous content ...

892 Ross Drive

Sunnyvale, CA 94089

United States

Founded in 2002

859 Employees

Phone:

408-517-4710

Fax:

408-517-4711

Key Executives for Proofpoint, Inc.

Chief Executive Officer and Director
Age: 53
Total Annual Compensation: $450.0K
Chief Financial Officer
Age: 51
Total Annual Compensation: $358.3K
Executive Vice President and General Manager of Information Security Products Group
Age: 49
Total Annual Compensation: $288.7K
Senior Vice President of Information Archiving & Governance Products Group and General Manager of Information Archiving & Governance Products Group
Age: 49
Total Annual Compensation: $263.8K
Executive Vice President of Worldwide Sales
Age: 49
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

Proofpoint, Inc. Key Developments

Proofpoint, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Proofpoint, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, total revenue was $63,546,000 against $46,398,000 a year ago. Operating loss was $21,449,000 against $12,187,000 a year ago. Loss before provision for income taxes was $24,861,000 against $14,978,000 a year ago. Net loss was $24,973,000 against $15,125,000 a year ago. Net loss per share, basic and diluted was $0.63 against $0.41 a year ago. Net cash provided by operating activities was $1,666,000 against net cash used in operating activities of $6,941,000 a year ago. Purchase of property and equipment was $5,843,000 against $3,732,000 a year ago. Non-GAAP operating loss was $2,588,000 against $2,074,000 a year ago. Non-GAAP net loss was $3,443,000 against $2,927,000 a year ago. Non-GAAP net loss, basic and diluted was $0.09 against $0.08 a year ago. EBITDA was $15,566,000 against $7,877,000 a year ago. Adjusted EBITDA was $458,000 against $120,000 a year ago. For the six months, total revenue was $121,309,000 against $89,102,000 a year ago. Operating loss was $38,927,000 against $23,466,000 a year ago. Loss before provision for income taxes was $46,372,000 against $29,229,000 a year ago. Net loss was $46,646,000 against $29,520,000 a year ago. Net loss per share, basic and diluted was $1.19 against $0.80 a year ago. Net cash provided by operating activities was $13,553,000 against net cash used in operating activities of $2,822,000 a year ago. Purchase of property and equipment was $10,427,000 against $6,023,000 a year ago. Non-GAAP operating loss was $4,153,000 against $5,286,000 a year ago. Non-GAAP net loss was $6,997,000 against $7,169,000 a year ago. Non-GAAP net loss, basic and diluted was $0.18 against $0.19 a year ago. EBITDA was $28,760,000 against $15,553,000 a year ago. Adjusted EBITDA was $1,650,000 against adjusted LBITDA of $1,250,000 a year ago. For the third quarter of 2015, the company’s total revenue is expected to be in the range of $65.0 million to $66.0 million. Billings are expected to be in the range of $76.0 million to $78.0 million. Adjusted EBITDA is expected to be in the range of $0.1 million to $0.3 million. Non-GAAP EPS loss is expected to be in the range of $0.12 to $0.11 based on approximately 40.2 million weighted average shares outstanding. For the full year of 2015, total revenue is expected to be in the range of $255.5 million to $257.5 million. Adjusted EBITDA is expected to be in the range of $2.0 million to $2.5 million. Non-GAAP EPS loss is expected to be in the range of $0.40 to $0.39 based on approximately 39.9 million weighted average shares outstanding. Free cash flow, defined as operating cash flow less capital expenditures, is expected to be in the range of positive $16.0 million to $21.0 million, which assumes capital expenditures of $22.0 million to $24.0 million for the full year.

Proofpoint, Inc. to Report Q2, 2015 Results on Jul 23, 2015

Proofpoint, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 23, 2015

Proofpoint, Inc., Q2 2015 Earnings Call, Jul 23, 2015

Proofpoint, Inc., Q2 2015 Earnings Call, Jul 23, 2015

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