Fastly Announces Update to Q3 2020 Shareholder Letter
October 30 2020 - 6:00AM
Business Wire
Fastly, Inc. (NYSE: FSLY) today updated its shareholder letter
issued on October 28, 2020. The prior shareholder letter stated
that Fastly’s acquisition of Signal Sciences would contribute
approximately $8 million of revenue in the fourth quarter of 2020.
This represents the deferred revenue that Signal Sciences expected
to recognize in the fourth quarter, but does not reflect purchase
price accounting adjustments from the acquisition. These
adjustments could materially reduce the amount of Signal Sciences’
deferred revenue that will be recognized in the fourth quarter.
This updated shareholder letter can be found on the Investor
Relations section of its website at
https://investors.fastly.com.
About Fastly
Fastly helps people stay better connected with the things they
love. Fastly’s edge cloud platform enables customers to create
great digital experiences quickly, securely, and reliably by
processing, serving, and securing our customers’ applications as
close to their end-users as possible — at the edge of the internet.
Fastly’s platform is designed to take advantage of the modern
internet, to be programmable, and to support agile software
development with unmatched visibility and minimal latency,
empowering developers to innovate with both performance and
security. Fastly’s customers include many of the world’s most
prominent companies, including Vimeo, Pinterest, The New York
Times, and GitHub.
This press release contains “forward-looking” statements that
are based on our beliefs and assumptions and on information
currently available to us on the date of this press release.
Forward-looking statements may involve known and unknown risks,
uncertainties, and other factors that may cause our actual results,
performance, or achievements to be materially different from those
expressed or implied by the forward-looking statements. These
statements include, but are not limited to, statements regarding
our future financial and operating performance, including our
outlook and guidance and the impact of purchase price accounting
with respect to our acquisition of Signal Sciences. Except as
required by law, we assume no obligation to update these
forward-looking statements publicly or to update the reasons actual
results could differ materially from those anticipated in the
forward-looking statements, even if new information becomes
available in the future. Important factors that could cause our
actual results to differ materially are detailed from time to time
in the reports Fastly files with the Securities and Exchange
Commission (SEC), including in our Annual Report on Form 10-K for
the fiscal year ended December 31, 2019, and our Quarterly Reports
on Form 10-Q. Copies of reports filed with the SEC are posted on
Fastly’s website and are available from Fastly without charge.
Source: Fastly, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20201030005233/en/
Investor Contact: ir@fastly.com
Media Contact: press@fastly.com
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