Mimecast Announces Third Quarter 2018 Financial Results
Summary
LEXINGTON, Mass., Feb. 12, 2018 (GLOBE NEWSWIRE) -- Mimecast Limited (NASDAQ: MIME ), a leading email and data security company, today announced financial results for the third quarter ended December 31, 2017.Stephen brings more than 20 years of experience in physical security, personal protection, fraud, cybersecurity and technology risk acquired throughout his career in both the private sector and as a special agent with the U.S. Secret Service.Our guidance is based on exchange rates as of January 31, 2018 and includes a positive impact of $3.9 million related to the weakening of the U.S. dollar compared to the prior year.Foreign exchange rate fluctuations are positively impacting this guidance by an estimated $4.9 million related to the weakening of the U.S. dollar with respect to the British Pound and the South African Rand versus the prior year.For customers that have migrated to cloud services like Microsoft ® Office 365™, Mimecast mitigates single vendor exposure by strengthening security coverage, combating downtime and improving archiving.
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