Carbon Black beats on 2Q profit and revenue
Carbon Black Inc (NASDAQ:CBLK) said second quarter profit and revenue expanded strongly on Tuesday due to increased demand in data security.
Total revenue was US$51.0mln in the fiscal second quarter of 2018, an increase of 32% year-over-year. Subscription, license and support revenue was US$47.9mln, an increase of 34% year-over-year, and services revenue was US$3.1mln, an increase of 5% year-over-year.
Gross profit was US$39.9mln in the period, representing a 78.2% gross margin, consistent with the year-ago period.
Carbon Black is a cybersecurity company which uses sophisticated analytics and the computational power and agility of the cloud.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/202418/carbon-black-beats-on-2q-profit-and-revenue-202418.html
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