Proofpoint today announced year-end financial results for 2021.
“Our strong 2021 results are a testament to our team’s consistent execution and dedicated focus on protecting our customers from advanced threats and compliance risks,” stated Gary Steele, Chief Executive Officer of Proofpoint. “As our business reaccelerates coming out of the pandemic, we see one clear trend: the risk is shifting to people. Our unique people-centric approach to threat protection, information protection, and compliance continues to win in the market, and the targeted investments we’ve made in expanding the scale of our team and our people-centric cybersecurity and compliance services will play an important role in our continued growth throughout 2022 and beyond. Proofpoint leads in protecting what matters most to CISOs in their fight against today’s big three risks: ransomware, business email compromise, and data loss, and we look forward to making further investments in protecting our customers and providing greater customer value in the years ahead.”
2021 Financial Summary
• Executed V-shaped recovery over the course of 2021, with both revenue and billings growing by more than 20% year-over-year
• Grew new and add-on bookings by 25% year-over-year
• Returned to our world-class renewal rate well above 90%, moving past the initial impact of the pandemic
• Added over 800 new enterprise customers across our global operations, complemented by over 50,000 new customers deployed on our Proofpoint Essentials platform serving smaller businesses
• Continued success with our bundling program, with nearly 75% of our customers now licensing three or more products
• Completed a rapid and successful transition to operating as a private company, with an accelerated plan now in place to hire over 600 people in 2022 across all organizations and all locations
“We saw exceptional demand for our services by new and existing customers in 2021, with solid momentum across our core email security and growing portfolio of emerging products,” stated Paul Auvil, chief financial officer of Proofpoint. “As a private company, our operating discipline remains unchanged from our eight years as a public company, with our guiding principle being to invest to deliver world class technology and customer service while driving profitable growth.”
