|
|
|
|
|
Delaware
|
|
001-36067
|
|
20-1548921
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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|
Exhibit No.
|
|
Description
|
10.1
|
|
Transition Agreement between the Registrant and Michael J. Berry, dated as of February 2, 2017
|
99.1
|
|
Press release dated February 2, 2017
|
|
FIREEYE, INC.
|
|
|
|
|
Date: February 2, 2017
|
By:
|
/s/ Alexa King
|
|
|
Alexa King
Executive Vice President, General Counsel and Secretary
|
Exhibit No.
|
|
Description
|
10.1
|
|
Transition Agreement between the Registrant and Michael J. Berry, dated as of February 2, 2017
|
99.1
|
|
Press release dated February 2, 2017
|
FIREEYE, INC.
|
|
|
|
By:
|
/s/ Kevin R. Mandia
|
|
Kevin R. Mandia
Chief Executive Officer
|
/s/ Michael J. Berry
|
Michael J. Berry
|
•
|
Continued improvement in operational efficiency resulted in lower operating losses
|
•
|
Strong collections performance and lower expenses generated positive operating cash flow
|
•
|
Management appointments and executive transitions announced
|
•
|
Revenue of $184.7 million, consistent with the fourth quarter of 2015.
|
•
|
Billings of $221.8 million, a decrease of 14 percent from the fourth quarter of 2015.
1
|
•
|
GAAP gross margin of 65 percent, compared to 66 percent in the fourth quarter of 2015.
|
•
|
Non-GAAP gross margin of 74 percent, compared to 75 percent in the fourth quarter of 2015.
1
|
•
|
GAAP operating margin of negative 27 percent, compared to negative 67 percent in the fourth quarter of 2015.
|
•
|
Non-GAAP operating margin of negative one percent, compared to negative 28 percent in the fourth quarter of 2015.
1
|
•
|
GAAP net loss per share of $0.37, compared to a GAAP net loss per share of $0.87 in the fourth quarter of 2015.
|
•
|
Non-GAAP net loss per share of $0.03, compared to a non-GAAP net loss per share of $0.36 in the fourth quarter of 2015.
1
|
•
|
Cash flow from operations of $6.9 million, compared to cash flow from operations of $9.4 million in the fourth quarter of 2015.
|
•
|
Revenue of $714.1 million, an increase of 15 percent from 2015.
|
•
|
Billings of $819.5 million, an increase of three percent from 2015.
1
|
•
|
GAAP gross margin of 62 percent, consistent with 63 percent in 2015.
|
•
|
Non-GAAP gross margin of 73 percent, compared to 73 percent in 2015.
1
|
•
|
GAAP operating margin of negative 62 percent, compared to negative 81 percent in 2015.
|
•
|
Non-GAAP operating margin of negative 21 percent, compared to negative 38 percent in 2015.
1
|
•
|
GAAP net loss per share of $2.94, compared to a GAAP net loss per share of $3.50 in 2015.
|
•
|
Non-GAAP net loss per share of $0.99, compared to a non-GAAP net loss per share of $1.61 in 2015.
1
|
•
|
Cash flow from operations of negative $14.6 million, compared to positive cash flow from operations of $37.0 million in 2015.
|
•
|
Expects billings and revenue trends to improve throughout the year, with renewed organic growth in the second half of 2017.
|
•
|
Reaffirms the company’s stated objective of positive non-GAAP operating income by the fourth quarter of 2017.
|
•
|
Expects to generate positive cash flow from operations for the full year.
|
•
|
Anticipates capital expenditures between $40 and $45 million. Capital expenditures for 2017 include an estimated $22 million in capital expenses associated with the company’s move from five separate buildings to a single building in Milpitas in the summer of 2017.
|
•
|
Total revenue in the range of $160 million to $166 million.
|
•
|
Billings in the range of $130 million to $150 million.
|
•
|
Non-GAAP gross margin of approximately 70 percent.
|
•
|
Non-GAAP operating margin of approximately negative 24 percent to negative 26 percent of revenue.
|
•
|
Non-GAAP net loss per share of $0.26 to $0.28.
|
•
|
Cash flow from operations of negative $30 million to negative $40 million.
|
|
December 31,
2016 |
|
December 31,
2015 |
||||
|
|
|
|
||||
Assets
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
223,667
|
|
|
$
|
402,102
|
|
Short-term investments
|
712,058
|
|
|
767,775
|
|
||
Accounts receivable, net
|
121,150
|
|
|
172,752
|
|
||
Inventories
|
5,955
|
|
|
13,747
|
|
||
Prepaid expenses and other current assets
|
25,081
|
|
|
30,883
|
|
||
Total current assets
|
1,087,911
|
|
|
1,387,259
|
|
||
Property and equipment, net
|
61,852
|
|
|
78,368
|
|
||
Goodwill
|
978,260
|
|
|
750,288
|
|
||
Intangible assets, net
|
244,032
|
|
|
214,560
|
|
||
Deposits and other long-term assets
|
10,910
|
|
|
10,998
|
|
||
Total assets
|
$
|
2,382,965
|
|
|
$
|
2,441,473
|
|
Liabilities and Stockholders' Equity
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
20,269
|
|
|
$
|
43,650
|
|
Accrued and other current liabilities
|
22,997
|
|
|
29,820
|
|
||
Accrued compensation
|
96,004
|
|
|
79,294
|
|
||
Deferred revenue, current portion
|
397,118
|
|
|
305,169
|
|
||
Total current liabilities
|
536,388
|
|
|
457,933
|
|
||
Convertible senior notes, net
|
741,980
|
|
|
706,198
|
|
||
Deferred revenue, non-current portion
|
256,398
|
|
|
221,829
|
|
||
Other long-term liabilities
|
7,087
|
|
|
11,141
|
|
||
Total liabilities
|
1,541,853
|
|
|
1,397,101
|
|
||
Stockholders' equity:
|
|
|
|
||||
Common stock
|
17
|
|
|
16
|
|
||
Additional paid-in capital
|
2,682,909
|
|
|
2,403,088
|
|
||
Treasury stock
|
(150,000
|
)
|
|
(150,000
|
)
|
||
Accumulated other comprehensive loss
|
(1,742
|
)
|
|
(2,225
|
)
|
||
Accumulated deficit
|
(1,690,072
|
)
|
|
(1,206,507
|
)
|
||
Total stockholders’ equity
|
841,112
|
|
|
1,044,372
|
|
||
Total liabilities and stockholders' equity
|
$
|
2,382,965
|
|
|
$
|
2,441,473
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Revenue:
|
|
|
|
|
|
|
|
||||||||
Product
|
$
|
33,586
|
|
|
$
|
66,598
|
|
|
$
|
151,926
|
|
|
$
|
216,632
|
|
Subscription and services
|
151,110
|
|
|
118,176
|
|
|
562,188
|
|
|
406,335
|
|
||||
Total revenue
|
184,696
|
|
|
184,774
|
|
|
714,114
|
|
|
622,967
|
|
||||
Cost of revenue: (1)(2)
|
|
|
|
|
|
|
|
||||||||
Product
|
15,391
|
|
|
20,915
|
|
|
65,158
|
|
|
74,481
|
|
||||
Subscription and services
|
48,567
|
|
|
42,260
|
|
|
206,710
|
|
|
158,723
|
|
||||
Total cost of revenue
|
63,958
|
|
|
63,175
|
|
|
271,868
|
|
|
233,204
|
|
||||
Total gross profit
|
120,738
|
|
|
121,599
|
|
|
442,246
|
|
|
389,763
|
|
||||
Operating expenses: (1)(2)
|
|
|
|
|
|
|
|
||||||||
Research and development
|
54,574
|
|
|
71,690
|
|
|
279,594
|
|
|
279,467
|
|
||||
Sales and marketing
|
84,310
|
|
|
135,432
|
|
|
439,499
|
|
|
476,166
|
|
||||
General and administrative (3)(4)
|
30,914
|
|
|
37,978
|
|
|
139,839
|
|
|
141,790
|
|
||||
Restructuring charges (5)
|
—
|
|
|
—
|
|
|
27,630
|
|
|
—
|
|
||||
Total operating expenses
|
169,798
|
|
|
245,100
|
|
|
886,562
|
|
|
897,423
|
|
||||
Operating loss
|
(49,060
|
)
|
|
(123,501
|
)
|
|
(444,316
|
)
|
|
(507,660
|
)
|
||||
Other expense, net (6)
|
(12,733
|
)
|
|
(11,097
|
)
|
|
(44,534
|
)
|
|
(27,465
|
)
|
||||
Loss before income taxes
|
(61,793
|
)
|
|
(134,598
|
)
|
|
(488,850
|
)
|
|
(535,125
|
)
|
||||
Provision for (benefit from) income taxes (7)
|
(257
|
)
|
|
1,550
|
|
|
(8,721
|
)
|
|
4,090
|
|
||||
Net loss attributable to common stockholders
|
$
|
(61,536
|
)
|
|
$
|
(136,148
|
)
|
|
$
|
(480,129
|
)
|
|
$
|
(539,215
|
)
|
Net loss per share attributable to common stockholders, basic and diluted
|
$
|
(0.37
|
)
|
|
$
|
(0.87
|
)
|
|
$
|
(2.94
|
)
|
|
$
|
(3.50
|
)
|
Weighted average shares used in per share calculations, basic and diluted
|
167,228
|
|
|
156,137
|
|
|
163,211
|
|
|
154,120
|
|
|
Year Ended December 31,
|
||||||
|
2016
|
|
2015
|
||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
|
|
|
||||
Net loss
|
$
|
(480,129
|
)
|
|
$
|
(539,215
|
)
|
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
|
|
|
|
||||
Depreciation and amortization
|
119,267
|
|
|
111,956
|
|
||
Stock-based compensation
|
199,066
|
|
|
222,119
|
|
||
Non-cash interest expense related to convertible senior notes
|
35,782
|
|
|
20,069
|
|
||
Change in fair value of contingent earn-out liability
|
2,356
|
|
|
—
|
|
||
Deferred income taxes
|
(11,926
|
)
|
|
(1,353
|
)
|
||
Other
|
9,836
|
|
|
4,672
|
|
||
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business acquisitions:
|
|
|
|
||||
Accounts receivable
|
61,785
|
|
|
19,126
|
|
||
Inventories
|
1,415
|
|
|
(7,820
|
)
|
||
Prepaid expenses and other assets
|
9,344
|
|
|
(675
|
)
|
||
Accounts payable
|
(19,093
|
)
|
|
7,705
|
|
||
Accrued liabilities
|
(11,154
|
)
|
|
7,495
|
|
||
Accrued transaction costs of acquiree
|
(7,727
|
)
|
|
—
|
|
||
Accrued compensation
|
(24,621
|
)
|
|
14,742
|
|
||
Deferred revenue
|
105,431
|
|
|
174,455
|
|
||
Other long-term liabilities
|
(4,217
|
)
|
|
3,739
|
|
||
Net cash provided by (used in) operating activities
|
(14,585
|
)
|
|
37,015
|
|
||
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
|
||||
Purchases of property and equipment and demonstration units
|
(36,314
|
)
|
|
(54,549
|
)
|
||
Purchases of short-term investments
|
(507,073
|
)
|
|
(769,097
|
)
|
||
Proceeds from maturities of short-term investments
|
554,358
|
|
|
245,116
|
|
||
Proceeds from sales of short-term investments
|
4,507
|
|
|
4,807
|
|
||
Business acquisitions, net of cash acquired
|
(204,926
|
)
|
|
—
|
|
||
Purchase of investment in private company
|
—
|
|
|
(1,800
|
)
|
||
Lease deposits
|
(248
|
)
|
|
(1,226
|
)
|
||
Net cash used in investing activities
|
(189,696
|
)
|
|
(576,749
|
)
|
||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|
||||
Net proceeds from issuance of convertible senior notes
|
—
|
|
|
896,530
|
|
||
Prepaid forward stock purchase
|
—
|
|
|
(150,000
|
)
|
||
Repayment of debt of acquired business
|
(8,842
|
)
|
|
—
|
|
||
Payments for contingent earn-outs
|
(112
|
)
|
|
—
|
|
||
Payment related to shares withheld for taxes
|
(1,124
|
)
|
|
(2,027
|
)
|
||
Proceeds from employee stock purchase plan
|
22,080
|
|
|
21,880
|
|
||
Proceeds from exercise of equity awards
|
13,844
|
|
|
29,090
|
|
||
Net cash provided by financing activities
|
25,846
|
|
|
795,473
|
|
||
Net change in cash and cash equivalents
|
(178,435
|
)
|
|
255,739
|
|
||
Cash and cash equivalents, beginning of period
|
402,102
|
|
|
146,363
|
|
||
Cash and cash equivalents, end of period
|
$
|
223,667
|
|
|
$
|
402,102
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
GAAP operating loss
|
$
|
(49,060
|
)
|
|
$
|
(123,501
|
)
|
|
$
|
(444,316
|
)
|
|
$
|
(507,660
|
)
|
Stock-based compensation expense (1)
|
30,949
|
|
|
57,780
|
|
|
197,751
|
|
|
222,431
|
|
||||
Amortization of intangible assets (2)
|
16,079
|
|
|
11,766
|
|
|
64,028
|
|
|
47,064
|
|
||||
Acquisition related expenses (3)
|
—
|
|
|
1,431
|
|
|
2,413
|
|
|
1,431
|
|
||||
Change in fair value of contingent earn-out liability (4)
|
600
|
|
|
—
|
|
|
2,356
|
|
|
—
|
|
||||
Restructuring charges (5)
|
—
|
|
|
—
|
|
|
27,630
|
|
|
—
|
|
||||
Non-GAAP operating loss
|
$
|
(1,432
|
)
|
|
$
|
(52,524
|
)
|
|
$
|
(150,138
|
)
|
|
$
|
(236,734
|
)
|
GAAP gross margin
|
65
|
%
|
|
66
|
%
|
|
62
|
%
|
|
63
|
%
|
||||
Stock-based compensation expense (1)
|
3
|
%
|
|
4
|
%
|
|
5
|
%
|
|
5
|
%
|
||||
Amortization of intangible assets (2)
|
6
|
%
|
|
5
|
%
|
|
6
|
%
|
|
5
|
%
|
||||
Non-GAAP gross margin
|
74
|
%
|
|
75
|
%
|
|
73
|
%
|
|
73
|
%
|
||||
GAAP operating margin
|
(27
|
)%
|
|
(67
|
)%
|
|
(62
|
)%
|
|
(81
|
)%
|
||||
Stock-based compensation expense (1)
|
17
|
%
|
|
31
|
%
|
|
28
|
%
|
|
36
|
%
|
||||
Amortization of intangible assets (2)
|
9
|
%
|
|
7
|
%
|
|
9
|
%
|
|
7
|
%
|
||||
Acquisition related expenses (3)
|
—
|
%
|
|
1
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Change in fair value of contingent earn-out liability (4)
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Restructuring charges (5)
|
—
|
%
|
|
—
|
%
|
|
4
|
%
|
|
—
|
%
|
||||
Non-GAAP operating margin
|
(1
|
)%
|
|
(28
|
)%
|
|
(21
|
)%
|
|
(38
|
)%
|
||||
GAAP net loss
|
$
|
(61,536
|
)
|
|
$
|
(136,148
|
)
|
|
$
|
(480,129
|
)
|
|
$
|
(539,215
|
)
|
Stock-based compensation expense (1)
|
30,949
|
|
|
57,780
|
|
|
197,751
|
|
|
222,431
|
|
||||
Amortization of intangible assets (2)
|
16,079
|
|
|
11,766
|
|
|
64,028
|
|
|
47,064
|
|
||||
Acquisition related expenses (3)
|
—
|
|
|
1,431
|
|
|
2,413
|
|
|
1,431
|
|
||||
Change in fair value of contingent earn-out liability (4)
|
600
|
|
|
—
|
|
|
2,356
|
|
|
—
|
|
||||
Restructuring charges (5)
|
—
|
|
|
—
|
|
|
27,630
|
|
|
—
|
|
||||
Non-cash interest expense related to convertible senior notes (6)
|
9,112
|
|
|
8,672
|
|
|
35,782
|
|
|
20,069
|
|
||||
Non-recurring benefit from income taxes (7)
|
(20
|
)
|
|
—
|
|
|
(11,839
|
)
|
|
—
|
|
||||
Non-GAAP net loss
|
$
|
(4,816
|
)
|
|
$
|
(56,499
|
)
|
|
$
|
(162,008
|
)
|
|
$
|
(248,220
|
)
|
GAAP net loss per common share, basic and diluted
|
$
|
(0.37
|
)
|
|
$
|
(0.87
|
)
|
|
$
|
(2.94
|
)
|
|
$
|
(3.50
|
)
|
Stock-based compensation expense (1)
|
0.19
|
|
|
0.37
|
|
|
1.21
|
|
|
1.44
|
|
||||
Amortization of intangible assets (2)
|
0.10
|
|
|
0.08
|
|
|
0.39
|
|
|
0.31
|
|
||||
Acquisition related expenses (3)
|
—
|
|
|
0.01
|
|
|
0.01
|
|
|
0.01
|
|
||||
Change in fair value of contingent earn-out liability (4)
|
—
|
|
|
—
|
|
|
0.02
|
|
|
—
|
|
||||
Restructuring charges (5)
|
—
|
|
|
—
|
|
|
0.17
|
|
|
—
|
|
||||
Non-cash interest expense related to convertible senior notes (6)
|
0.05
|
|
|
0.06
|
|
|
0.22
|
|
|
0.13
|
|
||||
Non-recurring benefit from income taxes (7)
|
—
|
|
|
—
|
|
|
(0.07
|
)
|
|
—
|
|
||||
Non-GAAP net loss per common share, basic and diluted
|
$
|
(0.03
|
)
|
|
$
|
(0.36
|
)
|
|
$
|
(0.99
|
)
|
|
$
|
(1.61
|
)
|
Weighted average shares used in per share calculation for GAAP and Non-GAAP, basic and diluted
|
167,228
|
|
|
156,137
|
|
|
163,211
|
|
|
154,120
|
|
||||
(1) includes stock-based compensation expense as follows:
|
|
|
|
|
|
|
|
||||||||
Cost of product revenue
|
$
|
295
|
|
|
$
|
374
|
|
|
$
|
2,092
|
|
|
$
|
1,588
|
|
Cost of subscription and services revenue
|
4,798
|
|
|
7,673
|
|
|
29,811
|
|
|
29,435
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Research and development
|
9,878
|
|
|
16,917
|
|
|
64,755
|
|
|
68,329
|
|
||||
Sales and marketing
|
10,075
|
|
|
18,862
|
|
|
57,750
|
|
|
73,286
|
|
||||
General and administrative
|
5,903
|
|
|
13,954
|
|
|
43,343
|
|
|
49,793
|
|
||||
Total stock-based compensation expense
|
$
|
30,949
|
|
|
$
|
57,780
|
|
|
$
|
197,751
|
|
|
$
|
222,431
|
|
(2) includes amortization of intangible assets as follows:
|
|
|
|
|
|
|
|
||||||||
Cost of product revenue
|
$
|
3,064
|
|
|
$
|
3,064
|
|
|
$
|
12,256
|
|
|
$
|
12,256
|
|
Cost of subscription and services revenue
|
8,406
|
|
|
5,475
|
|
|
33,176
|
|
|
21,900
|
|
||||
Research and development
|
162
|
|
|
—
|
|
|
618
|
|
|
—
|
|
||||
Sales and marketing
|
4,447
|
|
|
3,227
|
|
|
17,978
|
|
|
12,908
|
|
||||
Total amortization of intangible assets
|
$
|
16,079
|
|
|
$
|
11,766
|
|
|
$
|
64,028
|
|
|
$
|
47,064
|
|
(3) includes acquisition related expenses as follows:
|
|
|
|
|
|
|
|
||||||||
General and administrative
|
$
|
—
|
|
|
$
|
1,431
|
|
|
$
|
2,413
|
|
|
$
|
1,431
|
|
(4) includes change in fair value of contingent earn-out liability as follows:
|
|
|
|
|
|
|
|
||||||||
General and administrative
|
$
|
600
|
|
|
$
|
—
|
|
|
$
|
2,356
|
|
|
$
|
—
|
|
(5) includes restructuring charges as follows:
|
|
|
|
|
|
|
|
||||||||
Restructuring charges
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
27,630
|
|
|
$
|
—
|
|
(6) Includes non-cash interest expense related to convertible senior notes as follows:
|
|
|
|
|
|
|
|
||||||||
Other expense, net
|
$
|
9,112
|
|
|
$
|
8,672
|
|
|
$
|
35,782
|
|
|
$
|
20,069
|
|
(7) includes discrete benefit from income taxes as follows:
|
|
|
|
|
|
|
|
||||||||
Provision for (benefit from) income taxes
|
$
|
(20
|
)
|
|
$
|
—
|
|
|
$
|
(11,839
|
)
|
|
$
|
—
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
GAAP revenue
|
$
|
184,696
|
|
|
$
|
184,774
|
|
|
$
|
714,114
|
|
|
$
|
622,967
|
|
Add change in deferred revenue
|
37,098
|
|
|
72,131
|
|
|
126,518
|
|
|
174,455
|
|
||||
Subtotal
|
221,794
|
|
|
256,905
|
|
|
840,632
|
|
|
797,422
|
|
||||
Less iSIGHT & Invotas deferred revenue assumed
|
—
|
|
|
—
|
|
|
(21,087
|
)
|
|
—
|
|
||||
Non-GAAP billings
|
$
|
221,794
|
|
|
$
|
256,905
|
|
|
$
|
819,545
|
|
|
$
|
797,422
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Product billings
|
$
|
33,489
|
|
|
$
|
66,379
|
|
|
$
|
153,946
|
|
|
$
|
212,233
|
|
Product subscription billings
|
113,588
|
|
|
108,701
|
|
|
386,037
|
|
|
327,372
|
|
||||
Product billings and product subscription billings
|
147,077
|
|
|
175,080
|
|
|
539,983
|
|
|
539,605
|
|
||||
Support and maintenance billings
|
38,500
|
|
|
47,790
|
|
|
143,964
|
|
|
137,447
|
|
||||
Professional services billings
|
36,217
|
|
|
34,035
|
|
|
135,598
|
|
|
120,370
|
|
||||
Non-GAAP billings
|
$
|
221,794
|
|
|
$
|
256,905
|
|
|
$
|
819,545
|
|
|
$
|
797,422
|
|
|
Three Months Ended December 31,
|
|
Year Ended December 31,
|
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
Product revenue
|
$
|
33,586
|
|
|
$
|
66,598
|
|
|
$
|
151,926
|
|
|
$
|
216,632
|
|
Product subscription revenue
|
85,576
|
|
|
59,825
|
|
|
316,986
|
|
|
205,303
|
|
||||
Product revenue and product subscription revenue
|
119,162
|
|
|
126,423
|
|
|
468,912
|
|
|
421,935
|
|
||||
Support and maintenance revenue
|
33,170
|
|
|
26,042
|
|
|
123,341
|
|
|
89,800
|
|
||||
Professional services revenue
|
32,364
|
|
|
32,309
|
|
|
121,861
|
|
|
111,232
|
|
||||
Total revenue
|
$
|
184,696
|
|
|
$
|
184,774
|
|
|
$
|
714,114
|
|
|
$
|
622,967
|
|