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Sophos CEO Kris Hagerman’s 10 Boldest Remarks From Best Of Breed Virtual Winter 2021

Michael Novinson

From surging sales and profitability and securing the supply chain to combating complexity and doubling down on detection and response, here’s a look at 10 notable statements made by Sophos CEO Kris Hagerman.

Sales Growth, Profitability Accelerating Dramatically

At the time we closed the [Thoma Bravo] deal, we were probably about 50 [percent] – maybe just shy of 60 percent – of our business was in what we call our next-gen product portfolio. That’s all of our most advanced products all managed in the cloud. By the end of this fiscal year, that’ll be 70 percent. And that business is growing at 30 percent a year. This ability to work with a single shareholder to take the transition we were already driving and accelerate it and get to the future faster has really worked for us.

The other two attributes that we were looking to accomplish were to … drive faster growth on the top line and faster growth on the bottom line at the same time. And again, it’s been a great year for us. We’ve been able to grow. In the year of a pandemic and the worst economic shock in macroeconomic terms second the Second World War, we’ll grow faster this year than we did last year and we will dramatically grow our profitability year-over-grow.

 
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