Sophos Group Plc Capital Markets Day and trading update (8907P)

TIDMSOPH

RNS Number : 8907P

Sophos Group Plc

06 September 2017

This announcement contains inside information within the purposes of article 7 of the EU Market Abuse Regulation 596/2014

Sophos Group plc

The Sophos Group plc Capital Markets Day and trading update

Oxford, 6 September 2017. Sophos Group plc ("Sophos") is hosting a Capital Markets Day for analysts and investors today, during which the Sophos senior management and product leadership teams will provide an update on Sophos' strategy, markets, competitive position, technology, and financial model, alongside product demonstrations.

Ahead of the event, Kris Hagerman, CEO commented:

"Today we will illustrate the strength of customer demand in the markets in which we operate, reinforce our compelling competitive positon that is driven by a market-leading product set and channel focused sales model, and underscore the visibility and predictability of our SaaS subscription financial model. These are the core elements that drive our business and underpin our medium-term outlook of $1Bn of billings by March 2020.

We are pleased to confirm that the strong momentum in billings growth we reported in Q1 FY18 has accelerated in our second fiscal quarter to date and as a result we now expect FY18 billings growth of c.20%, compared to our previous guidance of mid to high-teens growth. We look forward to providing a further update with our half year results on 8(th) November."

Today's meeting will commence at 09:00 (BST) and is also available to registered participants via a live webcast and conference call. For further details and registration, please visit https://investors.sophos.com/events-and-presentations. A replay facility shall be made available shortly after the meeting ends.

Notice of Results

Sophos will issue its half year results on 8(th) November 2017, and will hold a presentation and conference call for analysts which will be hosted by Kris Hagerman (CEO) and Nick Bray (CFO).

Contact

Sophos Group plc

Tel: [phone]

Derek Brown, VP Investor Relations

Financial Public Relations

Tulchan Communications

Tel: [phone]

About

The Sophos Group is a leading global provider of cloud-enabled enduser and network security solutions, offering organisations end-to-end protection against known and unknown IT security threats through products that are easy to install, configure, update and maintain. For further information please visit: www.sophos.com. The Group has over 30 years of experience in enterprise security and has built a portfolio of products that protects over 260,000 organisations and over 100 million endusers in 150 countries, across a variety of industries.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 06, 2017 02:00 ET (06:00 GMT)