MobileIron Announces First Quarter 2020 Results
MOBILEIRON (MOBL)
Last mobileiron earnings: 4/29 04:05 pm
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Source: Business Wire
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--MobileIron (NASDAQ: MOBL) today announced results for its first quarter ended March 31, 2020.First Quarter 2020 Financial HighlightsRevenue was $49.7 million, up 3% year-over-year.ARR was $180.8 million, up 8% year-over-year.Cash generated in operating activities was $7.2 million.Cash and equivalents were up $4.2 million in the quarter to $98.6 million.“In the face of this global pandemic, I am thankful that our team is safe and well and I would like to extend my deepest gratitude to the healthcare workers on the front lines for their efforts to fight this virus and keep all of us safe. I am exceedingly proud of MobileIron’s agility and commitment to our customers as we quickly pivoted to meet the security demands of a worldwide transition to remote work,” said Simon Biddiscombe, CEO, MobileIron. “Despite the challenges, we delivered solid results and controlled costs to outperform our guidance for revenue, gross margin and operating expense
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