StockMarketWire.com - Cyber security company Sophos swung to a first-half loss, owing to one-off restructuring and legal costs.

The company, which recently agreed to be acquired by Thoma Bravo for £3.1bn, said pre-tax losses for the six months through September amounted to $1.5m.

That compared to a profit of $26.0m on-year.

Revenue rose 5% to $365.8m and adjusted operating profit fell 1% to $49.4m.

Sophos said the slight fall in adjusted profit reflected further planned investment in its business.

'Our performance in the first half shows the continued progress we are making towards fully transitioning our business to next-generation cybersecurity,' chief executive Kris Hagerman said.

'As we pursue this strategy, we are benefiting from our advanced capabilities and investments in the cloud, machine-learning, APIs, synchronized security, automation, managed threat response and more, to deliver enterprise-grade protection to organisations of any size.'



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