Proofpoint, Inc. provided earnings guidance for the first quarter and full year of 2020. For the quarter, total revenue is expected to be in the range of $246.0 million to $248.0 million. GAAP net loss is expected to be in the range of $89.3 million to $84.9 million, or $1.57 to $1.49 per share, based on approximately 56.9 million weighted average diluted shares outstanding. Non-GAAP net income is expected to be in the range of $16.0 million to $18.0 million, or $0.25 to $0.29 per share, using 65.1 million weighted average diluted shares outstanding, and based on reporting under C&DI 102.11. For the full year of 2020, total revenue is expected to be in the range of $1,060.0 million to $1,067.0 million. GAAP net loss is expected to be in the range of $218.4 million to $203.5 million, or $3.80 to $3.54 per share, based on approximately 57.5 million weighted average diluted shares outstanding. This estimate for GAAP net loss includes a GAAP tax expense of approximately $30.0 million for the transfer of certain intellectual property from Israel to the United States that is expected to occur in the first quarter of 2020 associated with the acquisition of ObserveIT. Non-GAAP net income is expected to be in the range of $91.0 million to $95.0 million, or $1.42 to $1.48 per share, using 65.8 million weighted average diluted shares outstanding, and based on reporting under C&DI 102.11.