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Sophos 9-month YTD Adj. Operating Profit Up 157% - Quick Facts

Sophos Group plc reported that its nine-months year-to-date adjusted operating profit increased by 157% to $83.0 million, driven by strong growth in revenue. Reported operating profit was $51 million, compared to a prior-period loss of $25 million. Revenue increased by 14% to $527.5 million on both a reported and constant currency basis, principally driven by continued growth in subscription revenue.

Constant currency Billings grew 2% for the third-quarter and 2% for the nine-months year-to-date. The Group now expects the trends in the third quarter to generally continue into the fourth quarter, which would result in a modest decline in full-year constant currency billings.

The Group recorded over 25,000 net new customers added year-to-date, including more than 9,000 in the third-quarter, with total customers of 327,000.

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