imperva annual report 2018
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imperva annual report 2018

imperva annual report 2018

Read how Imperva’s Data Security solutions helped BlueCross BlueShield. Because the restructuring plans were incremental to the operating activities of Imperva’s core business, Imperva has excluded the expense associated with the restructuring from its non-GAAP financial measures to facilitate the comparison of current period results with the results from prior periods. Acquisition and Disposition-related Expense, Gain on Sale of Business, and Provision for Income Taxes on Sale of Business. We asked IT security professionals the same question and found that these issues are top of mind: malware and spear phishing, securing mobile devices, employee security awareness and new technologies that detect threats capable of bypassing traditional signature-based defenses. Geographic Segment. During the second quarter of 2018, Imperva entered into an agreement in principle to settle two class action lawsuits and accrued the amounts of the settlements, which remain subject to court approvals, among other conditions prior to being funded. Prevoty complements current Imperva security offerings and extends its reach into the fast-growing DevOps market. Today the company announced it has entered into an agreement to acquire Prevoty. Imperva is headquartered in Redwood Shores, California, the US. The report is based on 2019 data collected from Imperva’s global network including hundreds of billions of bad bot requests anonymised across thousands of domains. Imperva's annual revenues are $100-$500 million (see exact revenue data). Financial services industry hit hardest by bad bots, making up almost half of overall website traffic; Russia origin of most blocked attacks. 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. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”. Imperva told customers Tuesday that a recent data breach revealed email addresses, hashed passwords, API keys and SSL certificates for some Web Application Firewall (WAF) users. Imperva, Inc., today released its annual report titled: “2020 Bad Bot Report: The Bad Bots Strike Back.” The report investigates the automation that wreaks havoc on websites and mobile apps. Imperva General Information Description. Imperva® (NASDAQ: IMPV) is a leading provider of cyber security solutions that protect business-critical data and applications. Imperva, Inc., the cybersecurity leader championing the fight to secure data and applications wherever they reside, published its May 2020 Cyber Threat Index Report, revealing seven major application DDoS attacks over the previous month — two of which lasted 5-6 days. Security and Exchange Commission SEC Imperva Inc Form Current report The Investor Relations website contains information about Mimecast's business for stockholders, potential investors, and financial analysts. The accounting impact on revenue, expenses and income has been provided in the tables included in this press release. The company’s SecureSphere, CounterBreach, and Incapsula product lines enable organizations to discover assets and risks, protect information wherever it lives – in the cloud and on-premises – and comply with regulations. Legal Settlements. Imperva incurred legal, accounting, advisory and other transaction-related expense in connection with these transactions and excluded the associated acquisition and disposition-related expenses from its non-GAAP financial measures because they are not representative of ongoing operating costs. Imperva 10Q quarterly report filed 2018-09-30. In addition to the reasons stated under “Non-GAAP Financial Measures” above, which are generally applicable to each of the items Imperva excludes from its non-GAAP financial measures, Imperva believes it is appropriate to exclude or give effect to certain items for the following reasons: Stock-Based Compensation. For a description of these items, including the reasons why management adjusts for them, and reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled “Use of Non-GAAP Financial Information” as well as the related tables that precede it. The webcast will be available live on the Investors section of the company website at www.imperva.com. During the second quarter of 2018, Imperva added 139 new customers compared to 157 during the second quarter of 2017. ", Expert Comment On New Malware Strain Found In SolarWinds Hack, "These attacks can be chained together if internal devices have already been compromised on the network. Imperva also excluded the gain on the sale of the Skyfence business and the related tax effects given that such gain and the associated taxes are not representative of Imperva’s ongoing operations. ", "It is very important that public institutions have a good breadth and depth of security to defend against these types of attacks. ", Experts Reaction On New Chrome Update To Boost Password Security, "While the malware strains might slightly vary, and I’m sure more will be exposed. 500,067 - 5,293 - $ 5,293 . Bad bots interact with applications in the same way a legitimate user would, making them harder to detect and prevent. “Bad Bots as-a-Service is an attempt by bot operators to legitimise their role and appeal to organisations facing increased pressure to stay ahead of competition. In 2018, Imperva WAF was recognized by customers in Gartner’s peer insight Customer Choice as one of the best WAFs of the year. In contrast, the Imperva management team is held accountable for cash-based compensation and such amounts are included in its operating plans. Imperva (IMPV) delivered earnings and revenue surprises of 138.89% and 2.69%, respectively, for the quarter ended September 2018. In contrast to cost-reduction initiatives that are part of ongoing operations, the restructuring plans resulted in severance and consulting costs that we believe are not representative of ongoing operating costs. Once closed, this acquisition will enable Imperva to have a comprehensive and compelling hybrid-cloud solution for the future of web application and data security. 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. plans, net of repurchases . ", 336% Increase In Phishing Domains Found Since First UK/global Pfizer Vaccine Dose, "Recruiters may want to request CVs are attached as PDFs as they are not required to be edited. "Passwords are in desperate need of an overhaul. 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. “This transition to the cloud and subscription licensing impacted our third quarter reported revenue but drove strong 30% year-over-year growth in deferred revenue. "The only way to successfully mitigate against increasingly sophisticated attackers is to have a layered security posture. Key Findings from the 2020 Bad Bot Report: “We closely monitor how malicious bots iterate to evade detection and commit a wide range of attacks, and this year’s findings have revealed the next evolution: Bad Bots as-a-Service,” said Kunal Anand, CTO at Imperva. Mar 7, 2018 2 mins read What keeps you awake at night? Contact Us. Free Cash Flow. It is classified as operating in the Software Publishers industry. “Imperva prevented 10,000 attacks in the first 4 hours of Black Friday weekend with no latency to our online customers.”. When planning and evaluating the performance of its consolidated results, Imperva does not consider the amount of legal settlements it was required to recognize in the second quarter of 2018 as representative of ongoing operating costs due to the unusual and one-time nature of the charges. You can obtain copies of the company’s SEC filings on the SEC’s website at www.sec.gov. ", Experts Insight On Hackers Exploiting The Windows Finger Feature, "There are however different projects being developed that combine scripts, libraries and binaries to help detect and block such attacks. Copyright © 2021 Imperva. Stock-based compensation - - Imperva (Filer) Form 8-K Current report pursuant to Section 13 or 15(d) 12/20/2018 4:31 PM: Imperva (Issuer) TESSLER ALLAN R (Reporting) Form 4 Statement of changes in … Report incorrect company information. Flexible and predictable licensing to secure your data and applications on-premises and in the cloud. Non-GAAP net loss also included the catch-up tax charge related to the previously disclosed Israeli tax provision. Investors should consider important risk factors, which include: demand for the company’s cyber security solutions may not increase or may decrease, including as a result of global macroeconomic conditions and other economic conditions that may reduce enterprise software or security spending generally or customer perceptions about the necessity or reliability of solutions such as ours; the company’s sales expectations for its FlexProtect hybrid licensing program and for sales to large customers may not materialize in a particular quarter or at all; the company may not timely introduce new products or services or versions of its products or services and such products or services may not be accepted by the market or may have defects, errors, outages or failures; the company may not be unable to successfully integrate Prevoty; the company may have difficulty retaining key employees of Prevoty; the risk that our development and integration expenses are greater than we anticipate; customers may not accept, or may not demand, the capabilities of the combined companies to the degree that Imperva anticipates; competitors may be perceived by customers to offer greater value or to be better positioned to help handle cyber security threats and protect their businesses from major risk; existing customers may focus their additional cyber security spending on other technologies or addressing other risks; the company’s growth may be lower than anticipated; the markets that the company addresses may not grow as anticipated; the company may not be able to achieve the anticipated operational efficiencies and other benefits of the restructuring initiative; and other risks detailed under the caption “Risk Factors” in the company’s Form 10-Q filed with the Securities and Exchange Commission, or the SEC, on May 9, 2018 and the company’s other SEC filings. Experts Insight On Hackers Exploiting The Windows Finger... 2020 Bad Bot Report: The Bad Bots Strike Back. 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. As a result we also delivered solid cash flow generation in the quarter.”. During 2019, 80% of organizations have experienced at least one successful cyber attack. Subscription revenue of $36.5 million, up 30% year-over-year. In 2019, Imperva was recognized by Frost & Sullivan as the Asia-Pacific WAF Vendor of the Year. It’s critical that businesses spanning all industries learn which threats are most pervasive in their field and take the necessary steps to protect themselves.”. The foregoing information represents the company’s outlook only as of the date of this press release, and Imperva undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, new developments or otherwise. Redwood Shores, Calif. – February 8, 2018 – Imperva, Inc. (NASDAQ: IMPV), a cybersecurity leader that delivers best-in-class solutions to protect data and applications on-premises, in the cloud, and across hybrid environments, today announced financial results for the fourth quarter and full year ended December 31, 2017. Imperva undertook a restructuring plan in the fourth quarter of 2016 and recorded additional restructuring charges in connection with the plan during the first quarter of 2017, substantially all of which were related to stock-based compensation expense associated with accelerated vesting of equity awards for certain terminated employees. Unlike internally-developed intangible assets, however, and also in accordance with GAAP, Imperva generally capitalizes the cost of acquired intangible assets and recognizes that cost as an expense over the useful lives of the assets acquired (other than goodwill, which is not amortized, as required under GAAP). ", Multiple Backdoors And Vulnerabilities Discovered In FiberHome Routers, "Claiming responsibility can also add weight to further attacks when potential victims research the possible outcome. Key Findings from the 2020 Bad Bot Report: Bad bot traffic rises to highest levels ever. IT Professionals’ Confidence In Public Cloud Has Surged, Despite Performance... Cyber-attacks On Hospitals Spike By 45% Worldwide. These non-GAAP financial measures exclude stock-based compensation, acquisition- and disposition-related expenses, amortization of purchased intangibles, restructuring and non-routine consulting expenses related to our restructuring and strategy, gain on sale of business, provision for income taxes on sale of business and the amount of legal settlements from the Imperva unaudited condensed consolidated statement of operations. Billings of $103.1 million, up 24% year-over-year. Imperva, Inc., the cybersecurity leader championing the fight to secure data and applications wherever they reside, today released its annual report titled: “2020 Bad Bot Report: The Bad Bots Strike Back.”The report investigates the automation that wreaks havoc on websites and mobile apps. This press release contains and the conference call will include forward-looking statements, including without limitation those regarding the company’s belief that it will be well positioned to help customers with its hybrid capabilities as customers transition from on-premise to the cloud; the company’s expectations regarding subscription demand, rate of adoption of its FlexProtect hybrid licensing program and its impact on product revenue, the transition of customers to the cloud, using the company’s hybrid capabilities to help customers as they transition from on-premise solutions to the cloud, benefits of the Prevoty acquisition and the combined vision to lead the world’s fight to keep data and applications safe from cyber criminals, product strategy initiatives, the company’s security as a service strategy and sales strategy, as well as our business outlook and expectations for the second quarter and full year 2018. FY, 2016. Business Segment. Non-GAAP net loss was $(9.0) million, or $(0.26) per share based on 34.8 million weighted average diluted shares outstanding. Imperva management uses, and believes that investors benefit from referring to, these non-GAAP financial measures in assessing operating results of Imperva, as well as when planning, forecasting and analyzing future periods. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Imperva today released the results of its annual report, entitled “2020 Bad Bot Report: The Bad Bots Strike Back.” The report explores malicious automated software applications operating over the internet (bots) and the dangers they pose to businesses. Balance as at January 1, 2018 . Issuance of common stock under employee equity. Imperva reports all financial information required in accordance with U.S. generally accepted accounting principles (GAAP). Developer of data security services that provide visibility and control over high-value business data across critical systems within the data center. Amortization of Purchased Intangibles. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. 26, 2018– Imperva, Inc. (NASDAQ:IMPV), a leading global provider of best-in-class cybersecurity solutions on premises, in the cloud, and across hybrid environments, announced today financial results for the second quarter ended June 30, 2018. Imperva does not provide a reconciliation of forward-looking non-GAAP financial measures to their comparable GAAP financial measures because it could not do so without unreasonable effort due to unavailability of information needed to calculate reconciling items and due to variability, complexity and limited visibility of the adjusting items that would be excluded from the non-GAAP financial measures in future periods. ", "The root cause appears to be nearly the same, default credentials on an unspecified port. During the second quarter of 2018, Imperva booked 201 deals with a value over $100,000, an increase of 18% compared to 171 in the second quarter of 2017. Executives, subsidiaries and more at Craft premiums/accretion of discounts on short-term.... Non-Gaap net loss also included below under the heading “ non-GAAP financial Measures. ” $ 19,473 services and and. 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