| Thread Tools |
13th February 2016, 07:06 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,578
| People are not spending on security Security outfit FireEye released some disappointing results and claim it is because firms are skimping on their security budgets. FireEye forecast a bigger than expected loss for the first quarter and said it expected growth in cyber security spending to slow this year. FireEye Chief Executive Dave DeWalt said sales across the industry were boosted by “emergency spending” last year as major hacking attacks prompted some companies to place massive orders. “Now I see a much more normalized spending environment,” he said in an interview ahead of the company’s quarterly earnings call with analysts. The company forecast an adjusted loss per share of 49-53 cents per share for the quarter ending March, bigger than the 40 cent loss analysts were expecting on average. DeWalt said the buying of iSight Partners and Invotas this year would hurt profitability in the short term as both businesses were subscription-based. Subscriptions bring in less money in the short term. The company bought privately held iSight for $200 million in January to boost its cyber intelligence offerings for governments and businesses. http://www.techeye.net/business/peop...ng-on-security |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
IT spending still in the doledrums | Stefan Mileschin | WebNews | 0 | 21st January 2016 10:34 |
Analytics spending worth $58.6 billion | Stefan Mileschin | WebNews | 0 | 25th November 2015 15:35 |
Broadband for the people, built by the people | Stefan Mileschin | WebNews | 0 | 16th November 2015 07:21 |
Biometric spending on the up | Stefan Mileschin | WebNews | 0 | 11th February 2015 06:47 |
Worldwide IT spending still to grow | Stefan Mileschin | WebNews | 0 | 13th January 2015 07:34 |
Security flaw lets Delta passengers access other people's boarding passes | Stefan Mileschin | WebNews | 0 | 17th December 2014 08:36 |
E-waste spending on the verge of a boom | Stefan Mileschin | WebNews | 0 | 23rd October 2012 06:57 |
Windows 8 mystery stuffs up spending | Stefan Mileschin | WebNews | 0 | 19th January 2012 06:29 |
Nvidia's R&D spending examined | jmke | WebNews | 0 | 16th February 2010 16:39 |
Thread Tools | |
| |