- Q1 revenue of $225 million increased 7 percent from the first
quarter of 2019
- Q1 billings of $170 million decreased 7 percent from the first
quarter of 20191
- Q1 ending annual recurring revenue of $590 million increased 7
percent compared to the end of the first quarter of 2019
- Q1 ending Platform, cloud subscription and managed services
annual recurring revenue of $288 million increased 32 percent
compared to the end of the first quarter of 2019
FireEye, Inc. (NASDAQ: FEYE), the intelligence-led security
company, today announced financial results for the first quarter
ended March 31, 2020.
“I believe we performed exceptionally well in the first
quarter,” said Kevin Mandia, FireEye chief executive officer. “We
were able to shift our operations around the world almost
seamlessly to a work-from-home model on very short notice. This
allowed us to remain focused on our mission to protect our
customers, as threat actors continue their heated pace of attacks
while the world faces a global pandemic.”
“Our ability to adapt to the current environment was the result
of the steps we have taken to modernize our business, and our
results show that,” added Mandia. “The emerging growth areas of our
business -- Platform, Cloud Subscription, and Managed Services and
Mandiant Consulting services -- have eclipsed our appliance-based
business and accounted for 53% of our revenue in the first quarter.
We expect this trend to continue through the rest of 2020.”
First Quarter 2020 Financial Results
Q1 2020
Q1 2019
Y/Y change
Revenue
$225 million
$211 million
+7%
Billings1
$170 million
$182 million
(7)%
GAAP gross margin
64%
66%
(2) pts
Non-GAAP gross margin1
71%
74%
(3) pts
GAAP operating margin
(28)%
(30)%
+2 pts
Non-GAAP operating margin1
(1)%
(3)%
+2 pts
GAAP net income (loss) per share
$(0.35)
$(0.38)
+$0.03
Non-GAAP net income (loss) per diluted
share1
$(0.02)
$(0.03)
+$0.01
Cash flow provided (used) by operating
activities
$(24) million
$24 million
$(48) million
Capital expenditures
$12 million
$14 million
$(2) million
1 A reconciliation of GAAP to non-GAAP financial measures is
provided in the financial statement tables included in this press
release. An explanation of these measures is also included under
the heading “Non-GAAP Financial Measures.”
"While the COVID-19 pandemic has brought several segments of the
global economy to a standstill, the cyber threat environment
remains very active," said Frank Verdecanna, FireEye chief
financial officer and chief accounting officer. "The fundamentals
of our business remain strong, and with our liquidity and
operational flexibility, we believe we are well positioned to
manage through this crisis. However, given the uncertainty
regarding the duration and impact of COVID-19, we are withdrawing
our billings and operating cash flow guidance for the full year
2020. In addition, the guidance that we are providing for Q2 2020
and the full year 2020 comes with the caveat that there is
significant uncertainty caused by the COVID-19 pandemic, and that
actual results could differ materially from our outlook."
Second Quarter and Updated 2020 Outlook
FireEye provides guidance based on current market conditions and
expectations. The company emphasizes that the guidance is subject
to various important cautionary factors referenced in the section
entitled "Forward-Looking Statements" below, including risks and
uncertainties associated with the COVID-19 pandemic.
Q2 2020 Outlook
Updated 2020 Outlook
Revenue
$213 - $217 million
$880 - $900 million
Non-GAAP gross margin
68% - 69%
69% - 70%
Non-GAAP operating margin
(2)%- (1)%
1% - 3%
Net interest income (expense)
~ $0 million
~ $0 million
Provision for non-GAAP income taxes
$1 - $1.5 million
$5 - $7 million
Weighted average shares outstanding
221 million
228 million
Non-GAAP net income (loss) per share
$(0.03) - $(0.01)
$0.03 - $0.07
Capital expenditures
~ $10 million
$40 - $45 million
Guidance for non-GAAP financial measures excludes stock-based
compensation, amortization of stock-based compensation expense
capitalized in software development costs, amortization of
intangible assets, restructuring charges, non-cash interest expense
related to the company’s convertible senior notes, and other
non-recurring items. A reconciliation of non-GAAP guidance measures
to corresponding GAAP measures is not available on a
forward-looking basis due to the uncertainty regarding, and the
potential variability of, the amounts of stock-based compensation
expense, amortization of intangible assets, and non-recurring
expenses that may be incurred in the future. Stock-based
compensation expense is impacted by the company’s future hiring and
retention needs, as well as the future fair market value of the
company’s common stock, all of which are difficult to predict and
subject to constant change. The actual amount of stock-based
compensation expense in the second quarter of 2020 and full year
2020 will have a significant impact on the company’s GAAP operating
margin and net loss per share. Further, amortization of intangible
assets, as well as other non-recurring expenses, if any, will also
impact results. Accordingly, a reconciliation of the non-GAAP
financial measure guidance to the corresponding GAAP measures for
future periods is not available without unreasonable effort.
Restructuring Approved by Board of Directors
On April 23, 2020, the Board of Directors of FireEye approved a
restructuring plan to streamline the company’s operations to more
closely align expenses to the company’s projected revenue, position
the company for improved operating performance, and allow the
company to increase investment in the growth areas of the business.
The restructuring plan includes a reduction of approximately 6% of
the company’s workforce. FireEye expects the restructuring will
reduce total non-GAAP operating expenses by at least $25 million in
2020 compared to 2019, and currently estimates that it will
recognize pre-tax charges to its GAAP financial results of between
$10 million and $15 million, consisting of severance and other
one-time termination benefits, and other restructuring related
costs. These charges are primarily cash-based, and are expected to
be recognized in the second quarter of 2020. The actions associated
with the restructuring plan are expected to be completed by the end
of the second quarter of 2020.
Conference Call Information
FireEye will host a conference call today, April 28, 2020, at 5
p.m. Eastern time (2 p.m. Pacific time) to discuss its first
quarter financial results and the company’s outlook for the second
quarter and full year 2020. Interested parties may access the
conference call by dialing 877-312-5521 (domestic) or 678-894-3048
(international). A live audio webcast of the call can be accessed
from the Investor Relations section of the company's website at
https://investors.fireeye.com. An archived version of the webcast
will be available at the same website shortly after the conclusion
of the live event.
Forward-Looking Statements
This press release contains forward-looking statements,
including statements related to future financial results for the
second quarter and full year 2020, including revenue, non-GAAP
gross margin, non-GAAP operating margin, net interest income and
expense, provision for non-GAAP income taxes, weighted average
shares outstanding, non-GAAP net income per share, and capital
expenditures in the section entitled “Second Quarter and Updated
2020 Outlook” above, as well as expectations regarding FireEye's
restructuring plan, FireEye higher growth solutions in 2020 and the
impact of the COVID-19 pandemic.
These forward-looking statements involve risks and
uncertainties, as well as assumptions which, if they do not fully
materialize or prove incorrect, could cause FireEye’s results to
differ materially from those expressed or implied by such
forward-looking statements. The risks and uncertainties that could
cause FireEye’s results to differ materially from those expressed
or implied by such forward-looking statements include customer
demand and adoption of FireEye’s products and services; real or
perceived defects, errors or vulnerabilities in FireEye's products
or services; any delay in the release of FireEye's new products or
services; FireEye's ability to realize the expected benefits
resulting from its restructuring plan; the potential disruption or
perception of disruption to FireEye's business due to the
restructuring; the impact of the COVID-19 pandemic on FireEye's
business, results of operations, liquidity and capital resources;
FireEye's ability to react to trends and challenges in its business
and the markets in which it operates; FireEye's ability to
anticipate market needs or develop new or enhanced products and
services to meet those needs; FireEye’s ability to hire and retain
key executives and employees; FireEye’s ability to attract new and
retain existing customers and train its sales force; the budgeting
cycles, seasonal buying patterns and length of FireEye’s sales
cycle; risks associated with new offerings; sales and marketing
execution risks; the failure to achieve expected synergies and
efficiencies of operations between FireEye and its acquired
companies; the ability of FireEye and its acquired companies to
successfully integrate their respective market opportunities,
technologies, products, personnel and operations; the ability of
FireEye and its partners to execute their strategies, plans,
objectives and expected investments with respect to FireEye’s
partnerships; and general market, political, economic, and business
conditions, as well as those risks and uncertainties included under
the captions “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” in
FireEye’s Form 10-K filed with the Securities and Exchange
Commission on February 21, 2020, which should be read in
conjunction with these financial results and is available on the
Investor Relations section of FireEye’s website at
investors.fireeye.com and on the SEC website at www.sec.gov.
All forward-looking statements in this press release are based
on information available to the company as of the date hereof, and
FireEye does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made,
except as required by law. Any future product, service, feature, or
related specification that may be referenced in this release is for
informational purposes only and is not a commitment to deliver any
offering, technology or enhancement. FireEye reserves the right to
modify future product or service plans at any time.
Non-GAAP Financial Measures
In this release FireEye has provided financial information that
has not been prepared in accordance with generally accepted
accounting principles in the United States (GAAP). These non-GAAP
financial measures are not based on any standardized methodology
and are not necessarily comparable to similar measures used by
other companies. The company uses these non-GAAP financial measures
internally in analyzing its financial results and believes that the
use of these non-GAAP financial measures is useful to investors as
an additional tool to evaluate ongoing operating results and
trends, and in comparing the company's financial results with other
companies in its industry, many of which present similar non-GAAP
financial measures.
Non-GAAP financial measures are not meant to be considered in
isolation or as a substitute for comparable financial information
prepared in accordance with GAAP, and should be read only in
conjunction with the company's consolidated financial statements
prepared in accordance with GAAP. A reconciliation of the company's
non-GAAP financial measures to their most directly comparable GAAP
measures has been provided in the financial statement tables
included in this press release, and investors are encouraged to
review the reconciliation.
Billings. FireEye defines billings as revenue recognized plus
the change in deferred revenue from the beginning to the end of the
period. FireEye excludes deferred revenue assumed in connection
with acquisitions from the billings calculation. The company
considers billings to be a useful metric for management and
investors because billings drive deferred revenue balances, which
are an important indicator of the company’s future revenues.
Revenue recognized from deferred revenue represents a significant
percentage of quarterly revenue. There are a number of limitations
related to the use of billings versus revenue calculated in
accordance with GAAP. First, billings include amounts that have not
yet been recognized as revenue. Second, FireEye’s calculation of
billings may be different from other companies in its industry,
some of which may not use billings, may calculate billings
differently, may have different billing frequencies, or may use
other financial measures to evaluate their performance, all of
which could reduce the usefulness of billings as a comparative
measure. FireEye compensates for these limitations by providing
specific information regarding GAAP revenue and evaluating billings
together with revenue calculated in accordance with GAAP.
Non-GAAP gross margin, operating income, operating margin, net
income (loss), and net income (loss) per share. FireEye defines
non-GAAP gross margin as total gross profit excluding stock-based
compensation expense, amortization of stock-based compensation
expense capitalized in software development costs, amortization of
intangible assets, and, as applicable, other special or
non-recurring items, divided by total revenue.
FireEye defines non-GAAP operating income (loss) as operating
income (loss) excluding stock-based compensation expense,
amortization of stock-based compensation expense capitalized in
software development costs, amortization of intangible assets,
acquisition-related expenses, restructuring charges, and other
special or non-recurring items. FireEye defines non-GAAP operating
margin as non-GAAP operating income divided by total revenue.
FireEye defines non-GAAP net income (loss) as net income (loss)
excluding stock-based compensation expense, amortization of
stock-based compensation expense capitalized in software
development costs, amortization of intangible assets,
acquisition-related expenses, restructuring charges, other special
or non-recurring items, non-cash interest expense related to the
company’s convertible senior notes, and discrete tax provision
(benefits). FireEye defines non-GAAP net income per diluted share
as non-GAAP net income divided by weighted average diluted shares
outstanding. Weighted average diluted shares used to calculate
non-GAAP net income per diluted share excludes shares issuable upon
conversion of the company's convertible senior notes that are
anti-dilutive. FireEye defines non-GAAP net loss per share as
non-GAAP net loss divided by weighted average basic shares
outstanding, which excludes stock options, restricted stock units,
performance stock units, and shares issuable upon conversion of the
company's convertible senior notes that are anti-dilutive.
Non-GAAP net loss and net loss per share in the first quarter of
2020 excluded stock-based compensation expense, amortization of
intangible assets, amortization of stock-based compensation expense
capitalized in software development costs, restructuring charges,
non-cash interest expense related to convertible senior notes
issued in June 2015 and the second quarter of 2018, and discrete
benefit from income taxes. Weighted average diluted shares
outstanding used to calculate non-GAAP net loss per share excluded
shares issuable upon conversion of the company's convertible senior
notes that are anti-dilutive.
Non-GAAP net loss and net loss per share in the first quarter of
2019 excluded stock-based compensation expense, amortization of
intangible assets, amortization of stock-based compensation expense
capitalized in software development costs, restructuring charges,
non-cash interest expense related to convertible senior notes
issued in June 2015 and the second quarter of 2018, and discrete
provision for income taxes. Weighted average diluted shares
outstanding used to calculate non-GAAP net loss per share excluded
shares issuable upon conversion of the company's convertible senior
notes that are anti-dilutive.
FireEye considers these non-GAAP financial measures to be useful
metrics for management and investors because they exclude the
effect of stock-based compensation expense, amortization of
stock-based compensation expense capitalized in software
development costs, amortization of intangible assets, acquisition
related expenses, non-cash interest expense related to the
company’s convertible senior notes, amounts deemed repayment of
accreted debt discount on repurchased convertible senior notes,
change in fair value of contingent earn-out liability,
restructuring charges, and other non-recurring and discrete items
so that management and investors can compare the company's core
business operating results over multiple periods.
There are a number of limitations related to the use of these
non-GAAP financial measures versus their nearest GAAP equivalents.
First, these non-GAAP financial measures exclude stock-based
compensation expense. Stock-based compensation is an important part
of FireEye employees' overall compensation and has been, and will
continue to be for the foreseeable future, a significant recurring
expense in the company's business. Second, the components of the
costs that FireEye excludes in its calculation of these non-GAAP
financial measures, including not only stock-based compensation,
but also amortization of stock-based compensation expense
capitalized in software development costs, non-recurring or
non-operating items such as acquisition related expenses, legal
settlement costs, amortization of intangible assets, non-cash
interest expense related to the company’s convertible senior notes,
amounts deemed repayment of accreted debt discount on convertible
senior notes, non-cash losses related to the retirement of
convertible senior notes prior to maturity, change in fair value of
contingent earn-out liability, restructuring charges, and discrete
tax benefits, may differ from the components excluded by peer
companies when they report their non-GAAP results of operations.
FireEye compensates for these limitations by providing specific
information regarding the GAAP amounts excluded from non-GAAP
financial measures and evaluating non-GAAP financial measures
together with their nearest GAAP equivalents.
About FireEye, Inc.
FireEye is the intelligence-led security company. Working as a
seamless, scalable extension of customer security operations,
FireEye offers a single platform that blends innovative security
technologies, nation-state grade threat intelligence, and
world-renowned Mandiant® consulting. With this approach, FireEye
eliminates the complexity and burden of cyber security for
organizations struggling to prepare for, prevent, and respond to
cyber attacks. FireEye has over 9,000 customers across 103
countries, including more than 50 percent of the Forbes Global
2000.
© 2020 FireEye, Inc. All rights reserved. FireEye and Mandiant
are registered trademarks or trademarks of FireEye, Inc. in the
United States and other countries. All other brands, products, or
service names are or may be trademarks or service marks of their
respective owners.
FireEye, Inc.
CONDENSED CONSOLIDATED BALANCE
SHEETS
(Unaudited, in
thousands)
March 31, 2020
December 31, 2019
Assets
Current assets:
Cash and cash equivalents
$
283,866
$
334,603
Short-term investments
696,104
704,955
Accounts receivable, net
140,191
171,459
Inventories
7,158
5,892
Prepaid expenses and other current
assets
98,324
96,827
Total current assets
1,225,643
1,313,736
Property and equipment, net
90,613
93,812
Operating right-of-use assets, net
58,045
58,758
Goodwill
1,213,454
1,205,292
Intangible assets, net
128,110
134,420
Deposits and other long-term assets
80,521
84,468
Total assets
$
2,796,386
$
2,890,486
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$
26,288
$
26,271
Operating lease liabilities, current
19,017
18,437
Accrued and other current liabilities
23,794
24,496
Accrued compensation
57,941
59,513
Convertible senior notes, current, net
118,805
117,288
Deferred revenue, current
572,533
603,944
Total current liabilities
818,378
849,949
Convertible senior notes, non-current,
net
904,120
893,273
Deferred revenue, non-current
347,323
370,623
Operating lease liabilities,
non-current
68,277
70,481
Deferred Tax Liabilities, non-current
206
—
Other long-term liabilities
4,474
4,494
Total liabilities
2,142,778
2,188,820
Stockholders' equity:
Common stock
22
22
Additional paid-in capital
3,488,456
3,457,359
Treasury stock
(150,000)
(150,000)
Accumulated other comprehensive loss
(1,669)
1,180
Accumulated deficit
(2,683,201)
(2,606,895)
Total stockholders’ equity
653,608
701,666
Total liabilities and stockholders'
equity
$
2,796,386
$
2,890,486
FireEye, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(Unaudited, in thousands,
except per share amounts)
Three Months Ended March
31,
2020
2019
Revenue:
Product, subscription and support
$
174,083
$
169,903
Professional services
50,639
40,641
Total revenue
224,722
210,544
Cost of revenue: (1)(2)(3)
Product, subscription and support
53,136
48,468
Professional services
28,450
23,100
Total cost of revenue
81,586
71,568
Total gross profit
143,136
138,976
Operating expenses:
Research and development (1)(2)(3)
67,503
67,395
Sales and marketing (1)(2)
100,200
103,896
General and administrative (1)
27,429
27,376
Restructuring charges (4)
10,974
3,799
Total operating expenses
206,106
202,466
Operating loss
(62,970)
(63,490)
Other expense, net (5)
(12,411)
(9,703)
Loss before income taxes
(75,381)
(73,193)
Provision for income taxes (6)
925
2,182
Net loss
$
(76,306)
$
(75,375)
Net loss per share, basic and diluted
$
(0.35)
$
(0.38)
Weighted average shares used in per share
calculations, basic and diluted
217,789
197,819
FireEye, Inc.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(Unaudited, in
thousands)
Three Months Ended March
31,
2020
2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
$
(76,306)
$
(75,375)
Adjustments to reconcile net loss to net
cash provided by operating activities:
Depreciation and amortization
24,241
23,833
Stock-based compensation
36,178
40,323
Non-cash interest expense related to
convertible senior notes
12,365
11,778
Deferred income taxes
143
475
Other
6,267
1,101
Changes in operating assets and
liabilities, net of assets acquired and liabilities assumed in
business acquisitions:
Accounts receivable
30,256
46,479
Inventories
(935)
(395)
Prepaid expenses and other assets
2,827
6,975
Accounts payable
1,717
6,802
Accrued liabilities
(1,319)
758
Accrued compensation
(1,572)
(7,611)
Deferred revenue
(54,711)
(28,639)
Other long-term liabilities
(3,607)
(2,051)
Net cash provided by operating
activities
(24,456)
24,453
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment and
demonstration units
(11,680)
(13,503)
Purchases of short-term investments
(103,131)
(156,533)
Proceeds from maturities of short-term
investments
108,462
141,004
Business acquisitions, net of cash
acquired
(12,948)
—
Purchase of investment in privately held
company
(1,000)
—
Lease deposits
67
(36)
Net cash used in investing activities
(20,230)
(29,068)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment related to shares withheld for
taxes
(7,399)
—
Proceeds from exercise of equity
awards
1,348
843
Net cash provided by financing
activities
(6,051)
843
Net change in cash and cash
equivalents
(50,737)
(3,772)
Cash and cash equivalents, beginning of
period
334,603
409,829
Cash and cash equivalents, end of
period
$
283,866
$
406,057
FireEye, Inc.
RECONCILIATION OF NON-GAAP
FINANCIAL MEASURES
(Unaudited, in thousands,
except per share amounts)
Three Months Ended March
31,
2020
2019
GAAP operating loss
$
(62,970)
$
(63,490)
Stock-based compensation expense (1)
36,178
40,323
Amortization of stock-based compensation
capitalized in software development costs (3)
1,026
793
Amortization of intangible assets (2)
11,960
12,126
Restructuring charges (4)
10,974
3,799
Non-GAAP operating income (loss)
$
(2,832)
$
(6,449)
GAAP gross margin
64
%
66
%
Stock-based compensation expense (1)
3
%
4
%
Amortization of intangible assets (2)
4
%
4
%
Non-GAAP gross margin
71
%
74
%
GAAP operating margin
(28)
%
(30)
%
Stock-based compensation expense (1)
16
%
19
%
Amortization of intangible assets (2)
6
%
6
%
Restructuring charges (4)
5
%
2
%
Non-GAAP operating margin
(1)
%
(3)
%
GAAP net loss
$
(76,306)
$
(75,375)
Stock-based compensation expense (1)
36,178
40,323
Amortization of stock-based compensation
capitalized in software development costs (3)
1,026
793
Amortization of intangible assets (2)
11,960
12,126
Restructuring charges (4)
10,974
3,799
Non-cash interest expense related to
convertible senior notes (5)
12,365
11,778
Adjustment to provision (benefit) from
income taxes (6)
(315)
611
Non-GAAP net income (loss)
$
(4,118)
$
(5,945)
GAAP net loss per common share, basic and
diluted
$
(0.35)
$
(0.38)
Stock-based compensation expense (1)
0.17
0.21
Amortization of intangible assets (2)
0.05
0.06
Restructuring charges (4)
0.05
0.02
Non-cash interest expense related to
convertible senior notes (5)
0.06
0.06
Non-GAAP net income (loss) per common
share, basic
$
(0.02)
$
(0.03)
Non-GAAP net income (loss) per common
share, diluted
$
(0.02)
$
(0.03)
Weighted average shares used in per share
calculation for GAAP, basic and diluted
217,789
197,819
Weighted average shares used in per share
calculation for Non-GAAP, basic
217,789
197,819
Weighted average shares used in per share
calculation for Non-GAAP, diluted
217,789
197,819
(1) Includes stock-based compensation
expense as follows:
Cost of product, subscription and support
revenue
$
3,742
$
3,947
Cost of professional services revenue
3,900
3,709
Research and development expense
11,545
12,424
Sales and marketing expense
11,486
12,540
General and administrative expense
5,505
7,703
Total stock-based compensation expense
$
36,178
$
40,323
(2) Includes amortization of intangible
assets as follows:
Cost of product, subscription and support
revenue
$
7,730
$
8,229
Research and development expense
109
118
Sales and marketing expense
4,121
3,779
Total amortization of intangible
assets
$
11,960
$
12,126
(3) Includes amortization of stock-based
compensation capitalized in software development costs as
follows:
Cost of product, subscription and support
revenue
$
54
$
203
Cost of professional services revenue
27
102
Research and development expense
945
488
Total amortization of stock-based
compensation capitalized in software development costs
$
1,026
$
793
(4) Includes restructuring charges as
follows:
Restructuring charges
$
10,974
$
3,799
(5) Includes non-cash interest expense
related to convertible senior notes as follows:
Other expense, net
$
12,365
$
11,778
(6) Includes income tax effect of non-GAAP
adjustments as follows:
Benefit from income taxes
$
(315)
$
611
FireEye, Inc.
RECONCILIATION OF NON-GAAP
BILLINGS TO REVENUE
(Unaudited, in
thousands)
Three Months Ended March
31,
2020
2019
GAAP revenue
$
224,722
$
210,544
Add change in deferred revenue
(54,711)
(28,638)
Non-GAAP billings
$
170,011
$
181,906
FireEye, Inc.
BILLINGS BREAKOUT
(Unaudited, in
thousands)
Three Months Ended March
31,
2020
2019
Product and related subscription and
support billings
$
75,233
$
100,596
Platform, cloud subscription and managed
services billings
52,454
43,113
Professional services billings
42,324
38,197
Non-GAAP billings
$
170,011
$
181,906
FireEye, Inc.
REVENUE BREAKOUT
(Unaudited, in
thousands)
Three Months Ended March
31,
2020
2019
Product and related subscription and
support revenue
$
105,688
$
118,448
Platform, cloud subscription and managed
services revenue
68,395
51,455
Professional services revenue
50,639
40,641
Total revenue
$
224,722
$
210,544
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200428005983/en/
Media Inquiries: Media.Relations@fireeye.com Investor Inquiries:
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