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Sophos looks unstoppable as customer numbers reach record highs

Sophos looks unstoppable as customer numbers reach record highs

The sales team at cyber security specialist Sophos (SOPH) could do nothing for the next year and still the group would bring in $372m (£283m) of revenue. That’s because it has already secured several long-term contracts, for which the revenue has yet to be booked. Indeed, deferred revenue rose by 28 per cent in the six months to 30 September, dragging total billings up 22 per cent at constant currencies to $342m and giving management the confidence to upgrade the full-year outlook. Free cash flow also came in ahead of expectations – up 15 per cent to $71.4m.

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