Sophos shares jump as it announces £3bn US private equity buyout Sophos shares jump as private equity group secures buyout Cyber security group Sophos shares spiked this morning as it announced it is to be bought out by a US private equity firm, in a deal that values it at £3.1bn. Thoma Bravo said this morning it would take Sophos private, as it dives deeper into the booming cyber security sector. Read more: Sophos share [...]
Sophos shares jump as it grows revenue despite ‘challenging’ year Shares in cybersecurity firm Sophos soared after it posted double-digit revenue growth for the full year, despite reporting “challenging” trading over the period. Read more: Sophos shares tank on performance warning The figures Revenue rose 11.2 per cent to $710.6m (£554m) in the year to the end of March. Pre-tax profit hit $53.6m, up from [...]
Concerns over Sophos as shares tank in early trading after ‘subdued performance’ warning Sophos Group shares were down 23 per cent in early morning trading after reporting “subdued performance” in its third quarter trading update. The IT security company said a “challenging” previous year was context for the disappointing results, which saw the company earnings decline eight per cent year-on-year for the nine months to 31 December to [...]