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Sophos rallies on billings beat

Sophos rallies on billings beat

Sophos’s (SOPH) rollercoaster ride continues. The cyber-security group’s shares rose nearly a fifth on the day it revealed fourth-quarter billings were up almost a quarter, pushing full-year growth to the top-end of management’s 20-22 per cent guided range. That makes it more likely the group will hit its target of $1bn (£710m) in annual billings in 2020. 

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