Mandiant, one of the world’s largest security firms, beat Wall Street expectations for Q4 as the company adjusts following the sale of a major part of its business. The earnings report came as Bloomberg reported Microsoft was considering acquiring the company.
The company reported a loss per share of $0.10 for the quarter on revenue of $132.9 million. For the full fiscal year, Mandiant said it had a revenue of $483 million, representing a 21% increase year over year. It also reported a non-GAAP net loss per share of 51 cents
Wall Street was expecting a Q4 loss of $0.13 per share on revenue of $131.57 million. The report sent Mandiant’s shares down 2% in late trading.
“We achieved a significant milestone in Q4, divesting the FireEye Products business and positioning Mandiant to deliver accelerating growth and extend our leadership position in expertise and intelligence,” said Kevin Mandia, CEO of Mandiant.
“We are uniquely positioned to address an enormous market need and can concentrate all of our attention on helping organizations close their cyber security gap. We had record billings and revenue for Threat Intelligence and Consulting in the fourth quarter, and our overall performance highlights the early financial and operational success in