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Sophos slumps again

Sophos slumps again

Shares in Sophos (SOPH) tumbled by more than a fifth after the cyber-security group warned that it expects a “modest decline” in constant-currency billings for the year to March. Billings grew by just 2 per cent over the first nine months of the 2019 financial year, compared with a rise of 20 per cent during the same period last year. Bosses expect a “subdued performance” to continue into the final quarter.

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