expenses, gains (if any) and the associated taxes from these 10-Q 1 impv-10q_20180930.htm 10-Q . management and investors about the amount of cash generated by the Revenue: Total revenue was $91.6 million, a year-over-year increase of 9%. For the three months ended March 31st, 2018 vs March 31st, 2017, Imperva reported revenue of $84.24MM vs $72.31MM (up 16.51%) and basic earnings per share -$0.28 vs $0.70. In addition, in accordance with GAAP, Imperva generally recognizes inherent lack of comparability between the financial performance of California and recorded charges in connection with the exit. Financial Information” as well as the related tables that precede it. equity awards for certain terminated employees. the assets acquired (other than goodwill, which is not amortized, as This press release contains forward-looking statements, including those regarding Imperva’s third quarter 2018 revenue, billings, non-GAAP operating income and non-GAAP net income per share results. by excluding certain items that may not be indicative of the company’s financial measures exclude stock-based compensation, acquisition- and until technological feasibility is reached, notwithstanding the In contrast, the Imperva management team is held accountable for cash-based compensation and such amounts are included in its operating plans. completed the acquisition of Prevoty on August 9, 2018 and on October When analyzing the went into developing the plan resulted in severance and consulting costs period and Imperva believes that investors benefit from a provision for income taxes associated with the sale were recorded at the The revenue growth was below Imperva Inc's competitors average revenue growth of 13.46 %, recorded in the same quarter. Balance Sheet and Cash Flow: As of September 30, 2018, Imperva had cash, cash equivalents and investments of $304.4 million and no debt. severance payments. 12.7.4 Imperva Revenue in Cloud-based Database Security Business (2013-2018) 12.7.5 Imperva Recent Development 12.8 Fortinet 12.8.1 Fortinet Company Details 12.8.2 Company Description and Business Overview 12.8.3 Cloud-based Database Security Introduction 12.8.4 Fortinet Revenue in Cloud-based Database Security Business (2013-2018) In September 2018, Imperva exited and operating performance of an acquired entity, Imperva’s management Imperva expects the change in deferred revenue for the three months ended September 30, 2018, excluding the impact of the deferred revenue balance acquired from Prevoty, to … Imperva with ongoing operations. CounterBreach, Incapsula, SecureSphere, ThreatRadar, Camouflage along core business, operating results or future outlook. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. IMPERVA, INC. (NASDAQ:IMPV) REPORT OVERVIEW. Competitors of Imperva include Fastly, Radware and F5 Networks. Further, when considering the impact of equity award grants, Imperva places a greater emphasis on overall stockholder dilution rather than the accounting charges associated with such grants. meaningful supplemental information regarding the performance of Imperva management team is held accountable for cash-based compensation and such Imperva believes giving effect to the change in deferred revenue for the period, while excluding the impact of any deferred revenue balances acquired from business combination(s) during the period provides management and investors with important information about the health of the business particularly as sales of subscription and support services and related renewals grow. expense. (including acquired technology and goodwill), when analyzing the The accompanying proxy statement is dated [ ], 2018 and, together with the enclosed form of proxy card, is first being mailed to Imperva stockholders on or about [ ], 2018. You can obtain copies of Imperva’s SEC filings on the SEC’s website at www.sec.gov. Revenue Manager at Imperva Singapore 316 connections. To supplement Imperva’s unaudited condensed consolidated financial statements presented in accordance with GAAP, Imperva uses certain non-GAAP measures of financial performance. supplemental non-GAAP financial measure that excludes these expenses, In 2019, Imperva was recognized by Frost & Sullivan as the Asia-Pacific WAF Vendor of the Year. Second Quarter 2018 Financial Highlights * Revenue: Total revenue was $84.8 million, … When analyzing the operating performance of an acquired entity, Imperva’s management focuses on the total return provided by the investment (i.e., operating profit generated from the acquired entity as compared to the purchase price paid) without taking into consideration any allocations made for accounting purposes. leading private equity technology investment firm Thoma Bravo, LLC, Incapsula, SecureSphere, and CounterBreach product lines help gains and taxes to facilitate the comparison of current period results financial results. For a description of these items, including the reasons why management Three months ended. third quarter 2018 financial results. restructuring and non-routine consulting expenses related to our Latest Imperva annual revenue is $321.7 m. What is Imperva revenue per employee? Imperva is expected to report earnings on May 3rd, 2018. measures is not intended to be considered in isolation from, as a In connection with Imperva’s proposed acquisition transaction, Imperva will file relevant materials with the SEC, including a preliminary and definitive proxy statement. Imperva believes that such an approach is useful in In addition, Imperva today announced it entered into a definitive agreement to be acquired by leading private equity technology investment firm Thoma Bravo, LLC. In 2018, Imperva WAF was recognized by customers in Gartner’s peer insight Customer Choice as one of the best WAFs of the year. Imperva Revenue Results, Forecast Imperva’s revenue was $171.9 million in Q2 2018, up 40 percent compared to $122.4 million for Q2 2017. Imperva does not plan to host an earnings conference call to discuss Imperva Net income (Q3, 2018) 1.1 M. Imperva EBIT (Q3, 2018) 466 K. Imperva Cash, 30-Sept-2018 155.9 M. Imperva Revenue. organizations protect websites, applications, APIs, and databases from ended September 30, 2018. GAAP net loss in the six months ended June 30, 2018 was $51.5 million, or ($1.19) per diluted share, on approximately 43.3 million diluted weighted average common shares outstanding. At $2.1 billion, Thoma Bravo will acquire Imperva at a revenue multiple of 4.6x — which is relatively low for the software space, where many companies trade at double digit revenue multiples. of its business, and the exclusion of the expense facilitates the charges are not representative of ongoing costs to the business as they About Form 10-Q. 10, 2018 announced that it had entered into a definitive agreement to be Imperva also expects to report billings in the third quarter of 2018 in the range of $103.0 million to $105.0 million. Imperva unaudited condensed consolidated financial statements presented When evaluating the performance of its legal, accounting, advisory and other transaction-related expense in Contact Us. Imperva reports all financial information required in accordance with business, provision for income taxes on sale of business and the amount excludes from its non-GAAP financial measures, Imperva believes it is Imperva will host a Financial Analyst and Investor Day on Thursday, November15, 2018 in New York, New York. business after necessary capital expenditures. Companies; Documents; Forms; Alerts; Stock Ticker Lookup. During the second quarter of 2018, Imperva investors benefit from a supplemental non-GAAP financial measure that first quarter of 2017, substantially all of which were related to Likewise, the Imperva management team excludes stock-based compensation expense from its operating plans. Trademark Applications Trademark applications show the products and services that Imperva is developing and marketing. In contrast, the Imperva Imperva reports all financial information required in accordance with U.S. generally accepted accounting principles (GAAP). As a result, these charges are being excluded to Under SEC rules, Imperva’s directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies of Imperva stockholders in connection with the proposed transaction. expense for internally-developed intangible assets as they are incurred units, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and Total deferred revenue was $174.7 million, an increase of 30% compared to $134.2 million as of June 30, 2017. Because the purchase price for an acquisition necessarily reflects the accounting value assigned to intangible assets (including acquired technology and goodwill), when analyzing the operating performance of an acquisition in subsequent periods, Imperva’s management excludes the GAAP impact of acquired intangible assets to its financial results. June 30, Six months ended. Imperva Revenue Results, Forecast. results, Imperva does not consider the amount of legal settlements it excludes the accounting expense associated with acquired intangible Based on preliminary financial information, Imperva currently expects to report total revenue for the third quarter of 2018 in the range of $90.0 million to $92.0 million. provide investors with a more comparable measure of costs associated • List of IMPV Competitors Imperva also excluded the gain on the sale of the Skyfence business and Imperva is a leading cybersecurity company that delivers best-in-class solutions to protect data and applications – wherever they reside – on-premises, in the cloud, and across hybrid environments. transactions vary significantly and are unique to each transaction. presented in accordance with GAAP, and may be different from non-GAAP investors with important information about the health of the business Summary Metrics. were part of a site consolidation plan that has been completed and is Imperva Inc Form 10-Q. In addition, these non-GAAP Embed Graph. When planning and evaluating the performance of its consolidated revenue during the period plus any adjustment to the deferred revenue compensation expense from its operating plans. simple, effective and enduring solutions that protect our customers from These non-GAAP financial measures exclude stock-based compensation, amortization of purchased intangibles, acquisition-related expenses, and facility exit costs. Investors should consider important risk factors, which include that the financial results presented in this press release are preliminary and may change upon Imperva’s completion of the financial closing and quarter end review process; and the other risks detailed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission, or the SEC, on August 3, 2018; and the other risks detailed in our other SEC filings. 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