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Proofpoint, a leading cybersecurity company (NASDAQ:PFPT), has announced its participation in various investor events. CEO Gary Steele and CFO Paul Auvil will present at the RBC Capital Markets Global Technology Summit on November 18, 2020, and the Wells Fargo TMT Summit on December 1, 2020. They will also attend the NASDAQ Virtual Investor Conference on December 3, 2020. Additionally, Auvil and VP of Investor Relations Jason Starr will speak at the Needham Conference on November 17, 2020, and the Credit Suisse Technology Conference on December 2, 2020. Webcasts will be available on Proofpoint's investor page.
Proofpoint, Inc. (NASDAQ: PFPT) has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Information Archiving for the ninth consecutive year, highlighting its strong vision and execution capabilities. This positioning reflects Proofpoint's dedication to compliance and risk mitigation, especially during the shift to remote work. The Enterprise Archive platform enhances organizations' compliance efficiency and litigation readiness, while the company invests approximately 20% of its annual revenue into R&D for continuous improvement.
Proofpoint reported strong Q3 2020 results with total revenue reaching $266.7 million, a 17% year-over-year increase. Billings amounted to $294.4 million, up 6% from the previous year. While GAAP EPS was $(0.55), Non-GAAP EPS stood at $0.59. The company generated $86.0 million in operating cash flow and $64.6 million in free cash flow. Proofpoint also announced an increase in FY20 guidance for revenue and net income, making it the first SaaS-based cybersecurity company to surpass $1 billion in revenue on a trailing twelve-month basis.
Proofpoint, Inc. (NASDAQ: PFPT) has launched a new compliance solution, Content Capture for Microsoft Teams, aimed at regulated organizations adapting to remote work. This tool addresses the need to capture and manage employee communications to comply with various regulatory standards, including those set by the FCA and SEC. Key features include capturing messages in native format, preserving original context, and recording edits or deletions. As digital collaboration grows, Proofpoint remains committed to innovating solutions that meet compliance needs effectively.
Proofpoint, Inc. (NASDAQ: PFPT) announced its upcoming release of third-quarter financial results for the period ended September 30, 2020, set for October 29, 2020. The company will hold a conference call at 1:30 p.m. PT to discuss these results, accessible via specific dial-ins for U.S. and international callers. An archived version of the call will be available for later listening. Proofpoint provides cybersecurity and compliance solutions, protecting organizations from targeted threats and data breaches, serving more than half of the Fortune 1000.
Proofpoint, Inc. (NASDAQ: PFPT) announced new innovations aimed at enhancing cybersecurity for organizations globally. Key offerings include a people-centric Enterprise DLP solution that combats data loss and the Nexus People Risk Explorer, which identifies vulnerable and attacked users. Additional features include enhancements in Cloud App Security Broker and Business Email Compromise protection. These innovations are designed to centralize security and compliance around user behavior, addressing core challenges in data loss prevention and enhancing cloud-based protection.
Proofpoint Inc. (NASDAQ: PFPT) announced new enhancements to its Security Awareness Training platform, aimed at improving user experience and training effectiveness. These innovations will be available in Q4 2020 and include threat intelligence integration, enhanced user reporting, and customizable content. The platform is designed to support organizations in training employees to recognize and respond to cybersecurity threats, especially in remote work settings necessitated by the COVID-19 pandemic. Alan LeFort emphasized the platform's capability to reduce phishing and malware risks significantly.
On September 3, 2020, Proofpoint (NASDAQ: PFPT) announced an extended partnership with CyberArk, enhancing integration between Proofpoint Targeted Attack Protection and CyberArk's Privileged Access Security Solution. This collaboration aims to bolster security for privileged users, known as Very Attacked People (VAPs), by improving threat detection and remediation measures. Key features include identifying VAPs and revoking access for compromised users, providing organizations with increased protection against sophisticated cyber threats.
