Sophos announces record-breaking year
By Digital News Asia July 17, 2012
- Performance fuelled by global demand for complete security solutions
- Highlighted by UTM, cloud and mobile offerings
IT security and data protection company Sophos announced audited results for the fiscal year ended March 31, 2012, which include billings that grew 17% from the previous year to US$402.9 million.
Cash EBITDA (earnings before interest, taxes, depreciation, and amortization) grew 14% to US$107.9 million, while cash generated from operations grew 21% to US$92.2 million, Sophos said in a statement.
Due to its subscription-based model, the company uses billings (rather than revenue) and Cash EBITDA (rather than EBITDA) as key business metrics, it added.
"Sophos achieved record results for year ended March 31, 2012. In these turbulent economic times, we continue to innovate, invest and prosper,” said Steve Munford, CEO (pic).
It also acquired Astaro Software AG in July 2011 to strengthen its network security and unified threat management (UTM) offerings; and acquired Dialogs Software GmbH in April 2012 to strengthen mobile device management offerings.
Over the year, Sophos continued development in mobile device management, mobile data protection, cloud encryption and UTM, while also strengthening its endpoint and data protection solutions – all components of complete security, it said.
“IT security is becoming more and more complex, with new challenges like smartphones and tablets as well as cloud storage, an ever increasing array of security products to manage and new applications to monitor, as well as more devious malware and hackers,” said Munford.
Sophos’ complete security strategy removes the challenges of multiple point products by combining UTM, endpoint, mobile and cloud protection, claiming it results in better protection, increased visibility, less complexity and better value.
With an ever changing IT landscape, Sophos’ products provide protection across the network, servers, laptops, desktops, the cloud and even users’ personal mobile devices used for corporate business.