202028 Oct
MobileIron Announces Third Quarter 2020 Results
Type
General News
Companies
Source
Businesswire
Summary

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--MobileIron (NASDAQ: MOBL), the mobile-centric security platform for the Everywhere Enterprise, today announced results for its third quarter ended September 30, 2020. We are confident our value proposition will continue to resonate as companies increasingly solve for remote work as the new normal.” As announced on September 28, 2020, MobileIron has entered into a merger agreement with Ivanti, Inc. In light of the pending transaction, MobileIron will not host an earnings conference call and will not provide guidance relating to its expected financial results for future periods. Forward-looking statements in this press release include, but are not limited to, statements regarding MobileIrons revenue, operating expenses, ARR, the timing for moving to a subscription-led business and ceasing perpetual licenses, cost structure, GAAP and non-GAAP financial metrics, as well as statements that we expect to continue to see progress migrating customers to the cloud, that we believe we are ideally poised to capitalize on the market of IT departments shifting to address the threats of a Zero Trust world, that we will continue to deliver a roadmap of innovation to strengthen our security framework while enhancing the user’s experience, that our continued focus on market-leading innovation and customer satisfaction will continue to propel us on our upward growth trajectory, that the MobileIron team will emerge from the pandemic with an even more strategic role in securing the global workforce, and all statements under the heading “Financial Outlook.” Forward-looking statements involve certain risks and uncertainties, and there are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, risks related to our pending acquisition by Ivanti, COVID-19 and the duration of orders around the globe requiring people to work from home, our limited operating history, the adoption by our customers of our subscription-led model, quarterly fluctuations in our operating results, one-time expenses, including restructuring charges, seasonality, our need to develop new solutions and enhancements to compete in rapidly evolving markets, product defects, strength of our intellectual property portfolio, litigation, customer adoption, competitive pressures, billings type mix shift, our ability to scale, our ability to recruit and retain key personnel, and the quality of our support services. Over 20,000 organizations, including the world’s largest financial institutions, intelligence agencies, and other highly regulated companies, have chosen MobileIron to enable a seamless and secure user experience in the Everywhere Enterprise.

Classifications
  • Security
  • Networking
  • Mobile/Wireless
  • Web and Content Management
  • Content Management
  • Retail