2020Q4 - slides

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Q1’21 OutlookQ1’21as of 02/02/21Q1’20Y/Y ChangeAt MidpointRevenue $235M - $238M $225M +5%Non-GAAP gross margin 1,2 70% - 71% 71% -0.5 ptsNon-GAAP operating margin 1,2 6.5% - 7.5% (1)% +8 ptsNet interest income (expense) $(1)M - $(1)MProvision for non-GAAP income taxes 1 $1M - $2M $1M +$0.5MWeighted average shares outstanding, diluted 238M 218M 3 +9%Non-GAAP net income (loss) per share attributableto common stockholders, diluted 1 $0.05 - $0.07 $(0.02) +$0.08Capital expenditures ~ $6M $12M $(6)M1. Non-GAAP. Reconciliations are not available for forward looking metrics.2. As a % of revenue.3. As a result of the net loss in Q1’20, basic shares were used in the calculation for non-GAAP net income per share, dilutedPage 20 ©2021 FireEye
Q1’21 Outlook AssumptionsTotal revenueProduct and Related Subscriptions andSupport RevenuePlatform, Cloud Subscriptions andManaged Services revenueServices revenueNon-GAAP operating marginWeighted average shares outstanding,dilutedCommentsSequential decline from Q4’20 due to seasonality in up-front revenuecategoriesYear-over-year growth consistent with Q4’20Year-over-year growth consistent with Q4’20Expect revenue approximately equal to Q4’20 revenue of $57.8 million; Notethere are two fewer billable days in Q1 than in Q4Implies sequential increase in expenses due to resumption of certain payrollcosts and a full quarter of RespondIncrease reflects full weighting of 4.2 million shares issued for RespondSoftware and effect of employee stock programs.Page 21 ©2021 FireEye
Page 1 and 2: Q4’20 and 2020 ResultsFebruary 2,
Page 3 and 4: Q4’20 Business and Financial High
Page 5 and 6: Q4’20 Financial ResultsQ4’20 Gu
Page 7 and 8: Trended Quarterly Billings 1 and Re
Page 9 and 10: 2020 Revenue by Category2020 Revenu
Page 11 and 12: 2020 Revenue by RegionAsia-Pacific1
Page 13 and 14: Annualized Recurring Revenue (ARR)
Page 15 and 16: Deferred Revenue Detail 1$1,000$800
Page 17 and 18: Non-GAAP Gross Margin, Operating Ex
Page 19: Q1’21 and 2021 OutlookAs of Febru
Page 23 and 24: 2021 Outlook AssumptionsFull Year 2
Page 25 and 26: Appendix
Page 27 and 28: Business Transformation by Recurrin
Page 29 and 30: Weighted Average Contract Length35A
Page 31 and 32: Annualized Recurring Revenue & Reve
Page 33 and 34: DefinitionsMetricAverage contract l
Page 35 and 36: Non-GAAP Reconciliations (1 of 4)Th
Page 37 and 38: Non-GAAP Reconciliations (3 of 4)Th

2020Q4 - slides

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