Proofpoint (PFPT) reported 2Q results that were better than expected on most relevant metrics, including revenue, EPS, gross and operating margins, and cash flow. Revenue of $258.4 million was ahead of consensus estimate by $5.0 million or about a 2% beat. According to CFO Paul Auvil, "revenue for the quarter benefited from approximately $3 million of accelerated revenue under ASC 606, it was not expected at the time that we provided guidance in May, driven by the sale of solutions that were deployed on-premises by our customers and hence, triggering the requirement to