Sophos sustained momentum in Q3; strong cash generation

OXFORD, UNITED KINGDOM — (Marketwired) — 02/08/17 — Sophos Group plc (the “Group”) (LSE: SOPH), a leading provider of cloud-enabled enduser and network security solutions, today issues its trading update for the third quarter and nine-months ended 31 December 2016.

Kris Hagerman, Chief Executive Officer, commented:
“The sustained positive momentum we experienced in Q3 was very encouraging. We continue to see growing demand for our cloud-based security platform, Sophos Central, the adoption of which is increasingly a major driver of our subscription business. There was also very strong customer uptake of Intercept X, our recently launched next-generation endpoint product. We continue to see robust demand in our target markets and the strength of our financial model provides good visibility over future revenues, profitability and cash flows.

With an improved outlook, we now expect unlevered free cash flow to more than double for the full-year.”

More than 100 million users in 150 countries rely on Sophos– complete security solutions as the best protection against complex threats and data loss. Simple to deploy, manage and use, Sophos– award-winning encryption, endpoint security, Web, email, mobile and network security solutions are backed by SophosLabs — a global network of threat intelligence centers. Sophos is headquartered in Oxford, UK, and is publicly traded on the London Stock Exchange under the symbol “SOPH.” More information is available at .

Certain statements in this announcement constitute “forward-looking statements”. These forward-looking statements involve risks, uncertainties and other factors that may cause the Group–s actual results, performance or achievements, or industry results, to be materially different from those projected in the forward-looking statements. These factors include: general economic and business conditions; changes in technology; timing or delay in signing, commencement, implementation and performance or programmes, or the delivery of products or services under them; structural change in the security industry; relationships with customers; competition; and ability to attract personnel. You are cautioned not to rely on these forward-looking statements, which speak only as of the date of this announcement. The Group undertakes no obligation to update or revise any forward-looking statement to reflect any change in expectations or any change in events, conditions or circumstances.

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