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Mimecast Limited (NASDAQ: MIME) announced its financial results for Q4 and the fiscal year ending March 31, 2021. Total revenue reached $133.9 million, up 17% year-over-year, with a net revenue retention rate of 104%. The company reported a GAAP EPS of $0.09 and Non-GAAP EPS of $0.28. Operating cash flow was $31.7 million, and free cash flow was $24.0 million, translating to an 18.0% free cash flow margin. For FY 2022, Mimecast projects revenue between $569.7 million and $579.7 million, reflecting 10-12% growth.
Mimecast Limited (NASDAQ: MIME) has been recognized as a Customers’ Choice in the 2021 Gartner Peer Insights for Email Security and Enterprise Information Archiving.
Customer feedback highlights the effectiveness of Mimecast’s solutions in combating cyber threats. With over 39,000 organizations relying on its services, Mimecast emphasizes the importance of comprehensive cyber resilience strategies in today's threat landscape.
Mimecast Limited (NASDAQ: MIME) released its annual report, "The State of Email Security", revealing significant cybersecurity challenges faced by businesses in 2020. The study, based on responses from 1,225 IT and cybersecurity leaders, found that 79% experienced disruptions or losses due to cyber preparedness issues, with ransomware affecting 61% of respondents. Despite a 64% increase in threat volume, 40%% of organizations reported shortcomings in email security systems, and only 20%% provided ongoing training. Concerns over email attacks rose to 70%.
Mimecast Limited (NASDAQ: MIME) will release its financial results for Q4 and FY 2021 on May 11, 2021, before market open. The results will cover the period ending March 31, 2021. Following the release, the company will hold a conference call at 8:00 AM EDT for investors and analysts to discuss the results. This call will be webcast live via the company’s investor relations website, with an archive available two hours post-call.
Mimecast Limited (NASDAQ: MIME) reported a 48% increase in cyber threats during the first year of the pandemic, aligning with spikes in COVID-19 cases. Analyzed data reveals a significant rise in social engineering attacks targeting remote workers. Key findings include a 3x increase in unsafe email clicks in March 2020, with U.S. workers almost twice as likely to engage with suspicious emails compared to their U.K. and German counterparts. The threat landscape is expected to evolve as hybrid work models continue, highlighting the pressing need for ongoing cybersecurity training.
Mimecast Limited (NASDAQ: MIME) announced that CEO Peter Bauer and CFO Rafe Brown will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, starting at 3:30 PM EST. A live webcast of the presentation will be available for investors. This event is a key opportunity to gain insights into Mimecast's strategies and market position in cyber resilience and security. Post-event, the presentation will be accessible for 90 days in the Investor Relations section of Mimecast's website.
Mimecast Limited (NASDAQ: MIME) announced new achievements in its API and Alliances program, featuring 60 integrations with notable security partners like CrowdStrike and IBM Security. These integrations aim to simplify threat detection and response, vital due to the surge in cyberattacks. Over half of enterprise clients utilize these prebuilt integrations, enhancing security posture and operational efficiency. The company emphasizes automating time-consuming tasks through its platforms, contributing significantly to the overall security ecosystem.
Netskope and Mimecast announced strategic integrations to enhance their enterprise-grade data loss prevention (DLP) solutions. This collaboration aims to secure cloud services as businesses increasingly transition to digital. The integrated systems enhance data protection for email services such as Microsoft Office 365 and Google Gmail. The partnership is expected to improve security postures through real-time threat intelligence sharing. This initiative was showcased at Mimecast's SecOps Virtual conference, emphasizing the importance of cloud and email security for enterprises.
Mimecast (NASDAQ: MIME), a premier security and cyber resilience firm, announced that CEO Peter Bauer and CFO Rafe Brown will present at the Goldman Sachs Virtual Technology and Internet Conference. This event is scheduled for February 10, 2021, at 2:00 PM EST, hosted by Goldman Sachs Senior Analyst Brian Essex. Investors can access the live webcast here. The presentation will remain available for 90 days in the Investor Relations section of Mimecast's website.
Mimecast Limited (NASDAQ: MIME) reported strong financial results for Q3 of fiscal 2021, with revenue of $129.6 million, reflecting an 18% year-over-year growth. The company added 500 net new customers, bringing the total to 39,600. The gross profit margin was 76% and GAAP EPS reached $0.16. Despite ongoing response to a cyber incident, Mimecast is focused on enhancing customer protection. The company plans a 4% workforce reduction to realign resources for strategic growth initiatives, expecting Q4 2021 revenue guidance of $130.5 million to $131.5 million.
