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MANDIANT NEWS RELEASE Mandiant Reports Financial Results for Third Quarter 2021 11/4/2021 • Revenue from continuing operations increased 22 percent from the third quarter of 2020 • Annualized recurring revenue for continuing operations increased 26 percent from the end of the third quarter of 2020 to $ 264 million1 Repurchased $ 32 million in common stock in the third quarter under Board - approved stock repurchase plan ● MILPITAS , Calif .-- ( BUSINESS WIRE ) -- Mandiant , Inc. ( NASDAQ : MNDT ) , the leader in dynamic cyber defense and response , today announced financial results for the third quarter ended September 30 , 2021 . " In Q3 , we delivered record third quarter billings and annualized recurring revenue for both the Mandiant Solutions and FireEye Products businesses , " said Kevin Mandia , Mandiant Chief Executive Officer . " A highlight for the quarter was the continued strong demand for Mandiant Solutions . With the divestiture of the FireEye Products business having closed in early October , we look forward to concentrating our efforts on accelerating Mandiant's growth , " added Mandia . On October 8 , 2021 , Mandiant completed the sale of the FireEye Products business to McAfee Enterprise , which is backed by a consortium led by Symphony Technology Group . Accordingly , financial results for the FireEye Products business in the third quarter 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 FireEye Products business , and exclude expenses for shared resources and general corporate overhead that remain in continuing operations for Mandiant . Third Quarter 2021 Financial Highlights for Continuing Operations 1