What’s Driving FireEye’s Annual Recurring Revenue Growth?

FireEye’s (FEYE) gradual shift towards a subscription-based business model continues to act as a key catalyst for the company’s ARR (annual recurring revenue) growth. In the last five quarters, the cyber-security firm has witnessed strong growth in ARR driven by higher adoption of its intelligence-based cyber-security products. Its strategic alliance with leading cloud operators like Microsoft (MSFT) and Oracle (ORCL) could drive its subscription-based plan globally.