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Q&A: Sophos CEO On WannaCry Ransomware, New Products And Double-Digit Security Growth

Sophos CEO Kris Hagerman spoke with CRN following the company's 2017 earnings to talk about the company's double-digit growth, new products and partner reaction to the WannaCry ransomware attacks.

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Sophos recently reported its year-end earnings. What were some of the highlights?

We announced what we certainly believe were really strong results. We delivered 20 percent year-over-year billings growth. We also announced a tripling of our cash flow to over $133 million. Both of those numbers were well ahead of consensus. We also, reflecting the continuing confidence we have in our business and our business model, for the first time set a medium-term outlook that we will generate $1 billion of billings in three years. In short, what we think it is a very strong set of numbers and frankly it is a very exciting time at Sophos right now.

It was great. This announcement also dovetails with our annual partner conferences. Every year we have get togethers with hundreds of our partners in each in the major regions … There's just a tremendous amount of energy and excitement from the Sophos partner community. There's a lot of exciting things going on and the company is performing well, we have some really exciting new products … There is just a lot of energy and momentum in the partner community. It's a little bit of a love fest at the moment.

 
 
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