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Mimecast Earnings, Revenue Increase in FQ4; Shares Rise Pre-Bell

05/11/2021 03:40

07:38 AM EDT, 05/11/2021 (MT Newswires) -- Mimecast (MIME) reported adjusted diluted EPS of $0.28 for Q4 of fiscal 2021, compared with $0.15 a year earlier. Analysts polled by Capital IQ expected adjusted EPS of $0.23.

Revenue for the quarter ended March 31 for the IT security company was $133.9 million, compared with $114.2 million in Q4 of fiscal 2020. The analysts' consensus forecast was for revenue of $131.2 million.

The company said it expects adjusted EBITDA of $35.8 million to $36.8 million on revenue of $137.2 million to $138.6 million in Q1 of fiscal 2022, and expects full-year fiscal 2022 adjusted EBITDA of $148.5 million to $150.5 million on revenue of $569.7 million to $579.7 million.

Shares of Mimecast are up 4% in premarket trading.

Price: 45.00, Change: +1.76, Percent Change: +4.07