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FIREEYE ™ FireEye Reports Financial Results for Second Quarter 2021 August 5 , 2021 • Revenue from continuing operations increased 17 percent from the second quarter of 2020 • Annualized recurring revenue for continuing operations increased 19 percent from the end of the second quarter of 2020 to $ 244 million¹ • Repurchased $ 68 million in common stock under Board - approved stock repurchase plan MILPITAS , Calif .-- ( BUSINESS WIRE ) -- Aug . 5 , 2021-- FireEye , Inc. ( NASDAQ : FEYE ) , the intelligence - led security company , today announced financial results for the second quarter ended June 30 , 2021 . " The Mandiant Solutions business continued to deliver strong growth in revenue and annualized recurring revenue for the second quarter ended June 30 , 2021 , " said Kevin Mandia , FireEye Chief Executive Officer . " With the elevated threat environment , organizations are increasingly turning to Mandiant to proactively assess whether they are prepared and protected before a breach occurs , " added Mandia . " The Mandiant Advantage platform enables customers to continuously improve their cybersecurity effectiveness through ongoing validation and security automation . " On June 2 , 2021 , the company announced the sale of the FireEye Products business to a consortium led by Symphony Technology Group ( " STG " ) in exchange for a total cash consideration of $ 1.2 billion and assumption of certain liabilities . The transaction is currently expected to close by the end of the fourth quarter of 2021 , subject to customary regulatory approvals and closing conditions . As a result , financial results for the FireEye Products business were classified as discontinued operations in the condensed consolidated statements of operations and excluded from continuing operations . Results of discontinued operations include all revenue and expenses directly attributable to the Fire Eye Products business , and exclude expenses for shared resources and general corporate overhead . Second Quarter 2021 Financial Highlights for Continuing Operations 1 • Revenue of $ 114 million , an increase of 17 percent from the second quarter of 2020 • Annualized recurring revenue of $ 244 million , an increase of 19 percent from the end of the second quarter of 2020¹ • Deferred revenue of $ 297 million , an increase of 22 percent from the end of the second quarter of 2020 • GAAP operating margin of negative 74 percent , compared to GAAP operating margin of negative 79 percent in the second quarter of 2020 • Non - GAAP operating margin of negative 26 percent , compared to non - GAAP operating margin of negative 28 percent in the second quarter of 2020² • GAAP net loss per basic share attributable to common stockholders of 44 cents , compared to GAAP net loss per basic share attributable to common stockholders of 41 cents in the second quarter of 2020 • Non - GAAP net loss per basic share attributable to common stockholders of 14 cents , compared to non - GAAP net loss per basic share attributable to common stockholders of 13 cents in the second quarter of 2020² • GAAP and non - GAAP operating margin and net loss per basic share included approximately $ 15 million in costs from shared resources to support the FireEye Products business and an estimated $ 3 million in corporate overhead and shared program expenses that would have been allocated to the FireEye Products business under separate reporting for the combined company³ Second Quarter 2021 Financial Highlights for Combined Continuing and Discontinued Operations • Revenue of $ 248 million , an increase of 8 percent from the second quarter of 2020 • GAAP operating margin of negative 20 percent , compared to GAAP operating margin of negative 17 percent in the second quarter of 2020 • Non - GAAP operating margin of 10 percent , compared to non - GAAP operating margin of 10 percent in the second quarter of 2020² • GAAP net loss per basic share attributable to common stockholders of 29 cents , compared to GAAP net loss per basic share attributable to common stockholders of 24 cents in the second quarter of 2020 • Non - GAAP net income per basic share attributable to common stockholders of $ 0.09 , compared to non - GAAP net income per basic share attributable to common stockholders of $ 0.09 in the second quarter of 2020² • Net cash flow provided by operating activities of $ 23 million , an increase of 60 percent from the second quarter of 2020 Annualized recurring revenue is defined as the annualized run - rate of active term licenses , subscriptions , and support contracts at the end of a reporting period . 2 A reconciliation of GAAP to non - GAAP financial measures is provided in the financial statement tables included in this press release . An explanation of these measures is also included under the heading " Non - GAAP Financial Measures . "