Forescout Technologies Reports First Quarter 2019 Financial Results
FORESCOUT TECHNOLOGIES (FSCT)
Last forescout technologies earnings: 2/6 08:05 am
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US:NASDAQ Investor Relations:
investors.forescout.com/investor-relations
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Source: GlobeNewswire
Total Revenue grows 27% year-over-year; License Revenue grows 27% year-over-year; Subscription Revenue grows 28% year-over-yearGAAP gross margin and Non-GAAP gross margin improve 300 bps year-over-year, respectivelyGenerated positive operating cash flow of $6.4 million and free cash flow of $4.9 million SAN JOSE, Calif., May 09, 2019 (GLOBE NEWSWIRE) -- Forescout Technologies, Inc. (NASDAQ:FSCT), the leader in device visibility and control, today announced results for its first quarter ended March 31, 2019. “We had a strong start to the year and are particularly pleased with the growing diversification of our customer base, both from a geographic as well as vertical perspective,” said Michael DeCesare, CEO and President of Forescout Technologies. “The market opportunity ahead of us in device visibility and control is substantial, driven by the explosion of connected devices, the convergence of IT, IoT and OT network environments, as well as the increasing willingness of CIOs t
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