"The number of [CISO and cyber] reports that are happening to the board is massively increasing," says Kevin Isaac, Chief Revenue Officer, Forcepoint. The increase in operating income for the full-year was primarily due to higher net program efficiencies and higher volume, partially offset by mix.
(February 12, 2020). Specific factors that could cause such a difference include, but are not limited to: the company's dependence on the U.S. government for a significant portion of its business and the risks associated with U.S. government sales, including changes or shifts in defense spending due to budgetary constraints, spending cuts resulting from sequestration, a government shutdown, or otherwise, uncertain funding of programs, potential termination of contracts and performance under undefinitized contract awards; difficulties in contract performance; the resolution of program terminations; the ability to procure new contracts; the risks of conducting business in foreign countries; the unpredictability of timing of international bookings; the ability to comply with extensive governmental regulation, including export and import requirements such as the International Traffic in Arms Regulations and the Export Administration Regulations, anti-bribery and anti-corruption requirements including the Foreign Corrupt Practices Act, industrial cooperation agreement obligations, and procurement and other regulations; dependence on U.S. government approvals for international contracts; changes in government procurement practices; the impact of competition; the ability to develop products and technologies, and the impact of associated investments and costs; the ability to recruit and retain qualified personnel; the impact of potential security and cyber threats, and other disruptions; the risk that actual pension returns, discount rates or other actuarial assumptions, including the long-term return on asset assumption, are significantly different than the company's current assumptions; the risk of cost overruns, particularly for the company's fixed-price contracts; dependence on material and component availability, subcontractor and partner performance and key suppliers; risks of a negative government audit; risks associated with acquisitions, investments, dispositions, joint ventures and other business arrangements; the ability to grow in the government and commercial cybersecurity markets; risks of an impairment of goodwill or other intangible assets; the impact of financial markets and global economic conditions; the use of accounting estimates in the company's financial statements; the outcome of contingencies and litigation matters, including government investigations; the risk of environmental liabilities; and other factors as may be detailed from time to time in the company's public announcements and Securities and Exchange Commission filings.
Seasoned sales leader to accelerate global growth strategy and cement Forcepoint’s place as the cybersecurity partner of choice for enterprises. Interview with Forcepoint CEO Matthew Moynahan CEO Forum July 2019.
"We ended the year with record bookings and backlog which positions us well for 2019 and beyond.". Net sales in 2018 were $27.1 billion, up 6.7 percent compared to $25.3 billion in 2017.
* Excludes the unfavorable impact of the acquisition accounting adjustments to record acquired deferred revenue at fair value related to Forcepoint, including historical RCP acquisitions. Legal Notices | Privacy Instructions for obtaining the free required downloadable software are posted on the site. Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from the $733-billion defense bill for fiscal 2020, which is about 2% higher than the bill for 2019. See here for a complete list of exchanges and delays.
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