MobileIron raises Q3 revenue view to $41M-$42M from $39M-$41M, consensus $40.41M
Gross billings for the quarter are expected to be in the range of $46.5M-$47.5M, above the company's previous guidance of $43M-$45M. Non-GAAP operating expenses are expected to be at the low end of the company's guidance of $41M-$43M. The company ended the quarter with cash and cash equivalents plus short-term and long-term investments of approximately $80M for a sequential reduction of roughly $6M. "We've spent the last year putting together a new executive team, differentiating our platform, refining our go-to-market strategy, and focusing on execution. There's a big market in front of us and our results this quarter demonstrate that we're winning," said Barry Mainz, President and CEO, MobileIron. "We're very pleased with Q3 and we believe we're on track to be cash flow positive in the fourth quarter. I look forward to providing details on our regularly scheduled quarterly earnings conference call on October 27."