PFPT - Proofpoint Doubles Down On Product And Go-To-Market Changes
According to a Grand View Research report published earlier this year, the global cybersecurity market is estimated to grow 11% annually through to 2025. The researcher estimates the industry to have generated $116.5 billion in revenues last year. Enterprise email security, e-discovery and compliance service provider Proofpoint (PFPT) recently announced its second quarter results that continued to surpass market expectations.
Proofpoint's Financials
For the second quarter revenues grew 25% over the year to $214.4 million, ahead of the market's forecast of $212 million. Total billings grew 17% to $232.1 million. Non-GAAP earnings of $0.41