Exhibit 991_current

Exhibit 99.1

MobileIron Announces Strong Fiscal Third Quarter 2016 Results

MOUNTAIN VIEW, Calif., October 27, 2016 -- MobileIron (NASDAQ:MOBL), the stand-alone enterprise mobility management (EMM) leader, today announced results for its third fiscal quarter ended September 30, 2016.

Third Quarter 2016 Financial Highlights

GAAP revenue was $41.6 million, up 9% year-over-year

Recurring revenue was $29.0 million, up 24% year-over-year

Gross billings were $47.3 million, up 15% year-over-year

Recurring billings, which represented 74% of gross billings, were $34.9 million, up 28% year-over-year

GAAP net loss per share was $0.17; non-GAAP net loss per share was $0.07

Cash and equivalents, plus short and long term investments stood at $80.4 million

Surpassed 12,500 cumulative customers

“Our performance was above expectations for the quarter, driven by strong execution across the company,” said Barry Mainz, CEO, MobileIron. “CIOs are selecting MobileIron as the security backbone for their business transformation. Our best-of-breed solution wins when mobility becomes strategic. In mobile security 'just good enough' is never good enough. We continue to be chosen by companies with very high security requirements and the most complex environments.”

Third Quarter 2016 Business Highlights

Platform

Introduced MobileIron Bridge, the first solution to unify mobile and desktop operations for Windows 10 using a single console and communications channel. With MobileIron Bridge, companies can start using EMM to modernize their Windows operations now, without sacrificing the sophisticated security policies and actions of traditional client management tools.

Released a TCO Toolkit showing the total cost of ownership of Windows 10 using EMM is up to 80% less than using traditional software like Microsoft's System Center Configuration Manager, LANDESK, and Symantec IT Management Suite.

At the end of 3Q 2016, the MobileIron ecosystem had 598 active technology partners, who have released over 255 technology integrations.*

Channels

United Overseas Bank in Singapore launched BizSmart – a turnkey “retail-in-a-box” integrated offering of iOS apps, security by MobileIron, Apple iPads, and banking services.

Increased our global presence by expanding our relationships with Orange Slovensko and Rainmaker Labs in Singapore.

Our largest reseller, AT&T, represented approximately 17% of revenue for the quarter.

Milestones and Recognition

MobileIron received Security Technical Implementation Guide approval from the Defense Information Systems Agency. This approval allows U.S. Department of Defense agencies to deploy MobileIron on both Android and iOS devices within certain DoD networks.

Granted four additional US patents bringing the total to 38.

Financial Outlook

The company is providing the following outlook for its fiscal fourth quarter 2016 (ending December 31, 2016):

GAAP revenue is expected to be between $44 million and $46 million, growth between 2% and 7% year-over-year.

Gross billings are expected to be between $52 million and $54 million, growth between 7% and 9% over last year.

Non-GAAP gross margin is expected to be between 83% and 85%

Non-GAAP operating expenses are expected to be between $41 million and $43 million and Non-GAAP operating margin is expected to be between -8% and -10% for the fourth quarter 2016.

Cash from operations is expected to be positive.

All forward-looking non-GAAP financial measures contained in this section "Financial Outlook" exclude estimates for stock-based compensation expenses and amortization of intangible assets. While a reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis, the company has provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables included in this press release for its fiscal third quarter of 2015 and 2016 and the nine months ended September 30, 2015 and 2016.

Conference Call and Webcast

MobileIron will host a conference call and live webcast at 1:30 p.m. Pacific Daylight Time (4:30 p.m. EDT) to discuss the company's financial results and business highlights. Interested parties may access the call by dialing (855) 327-6837 in the U.S. or (631) 891-4304 from international locations. The live webcast will be available on the MobileIron Investor Relations website at http://investors.mobileiron.com/. A replay will be available through the same link or by dialing (877) 870-5176 and referencing conference ID#117242 through November 27, 2016.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, statements regarding MobileIron's revenue, operating expenses, cost structure, GAAP and non-GAAP financial metrics, projected financial results and trends in MobileIron's business. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, our limited operating history, quarterly fluctuations in our operating results, our need to develop new solutions and enhancements to compete in rapidly evolving markets, product defects, customer adoption, competitive pressures, billings type mix shift, our ability to scale, our ability to recruit and retain key personnel, and the quality of our support services.

Additional information on potential factors that could affect MobileIron's financial results is included in our SEC filings, including our reports on Forms 10K, 10Q and 8-K and other filings that we make with the SEC from time to time. MobileIron does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

* MobileIron will stop reporting ecosystem metrics after the fourth quarter 2016.

About MobileIron

MobileIron provides the secure foundation for companies around the world to transform into Mobile First organizations. For more information, please visit www.mobileiron.com.

"MobileIron" and the MobileIron Planet M logo are registered trademarks of MobileIron, Inc. in the United States and other countries. Trade names, trademarks, and service marks of other companies that are used in this press release belong to their respective owners.

Financial Results


MOBILEIRON, INC.
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2015 AND SEPTEMBER 30, 2016
(Amounts in thousands)
(Unaudited)

		December 31, 2015		September 30, 2016
Assets
Current Assets:
Cash and cash equivalents (1)	$	47,234	$	38,083
Short-term investments (1)		49,576		41,612
Accounts receivable - net		42,674		41,660
Prepaid expenses and other current assets		4,809		6,254
Total current assets		144,293		127,609
Long-term investments (1)		2,094		700
Property and equipment - net		6,572		5,829
Intangible assets - net		1,261		799
Goodwill		5,475		5,475
Other assets		1,419		1,382
Total Assets	$	161,114	$	141,794

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable	$	2,551	$	1,054
Accrued expenses		19,196		17,428
Deferred revenue - current		55,978		59,327
Total current liabilities		77,725		77,809
Deferred revenue - noncurrent		13,897		18,845
Other long-term liabilities		1,353		1,959
Total liabilities		92,975		98,613
Stockholders’ Equity:
Common stock		8		9
Additional paid-in capital		343,336		375,351
Accumulated deficit		(275,205)		(332,179)
Total stockholders’ equity		68,139		43,181

Total Liabilities and Stockholders' Equity	$	161,114	$	141,794


(1) Total cash and cash equivalents, short-term and long-term investments	$	98,904	$	80,395


MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2015 AND 2016
(Amounts in thousands, except for per share data)
(Unaudited)
	Three Months Ended
	September 30, 2015		September 30, 2016
Revenue:
Perpetual license	$	13,644	$	11,311
Subscription		12,253		15,570
Software support and services		12,104		14,685
Total revenue		38,001		41,566
Cost of revenue:
Perpetual license (2)		745		652
Subscription (1)		1,939		2,202
Software support and services (1)		4,889		4,774
Restructuring charge		—		181
Total cost of revenue		7,573		7,809
Gross profit		30,428		33,757
Operating expenses:
Research and development (1)		16,968		16,238
Sales and marketing (1)		25,856		24,001
General and administrative (1)		10,469		6,961
Restructuring charge		1,049		871
Total operating expenses		54,342		48,071
Operating loss		(23,914)		(14,314)
Other (income) expense - net		(2)		(19)
Loss before income taxes		(23,912)		(14,295)
Income tax expense		183		298
Net loss	$	(24,095)	$	(14,593)
Net loss per share, basic and diluted	$	(0.30)	$	(0.17)
Weighted-average shares used to compute net loss per share, basic and diluted		79,373		86,713


(1) Includes stock-based compensation expense as follows:
Cost of revenue
Subscription		190		176
Software support and services		865		571
Research and development		3,832		2,709
Sales and marketing		2,586		2,307
General and administrative		1,812		2,109
	$	9,285	$	7,872

(2) Includes amortization of intangible assets as follows:
Cost of revenue
Perpetual license	$	223	$	154
	$	223	$	154


MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2016
(Amounts in thousands, except for per share data)
(Unaudited)
	Nine Months Ended
	September 30, 2015		September 30, 2016
Revenue:
Perpetual license	$	38,050	$	31,462
Subscription		33,667		44,996
Software support and services		34,535		41,996
Total revenue		106,252		118,454
Cost of revenue:
Perpetual license (2)		1,971		2,140
Subscription (1)		5,366		6,184
Software support and services (1)		13,300		14,691
Restructuring charge		—		181
Total cost of revenue		20,637		23,196
Gross profit		85,615		95,258
Operating expenses:
Research and development (1)		45,368		51,185
Sales and marketing (1)		80,698		76,914
General and administrative (1)		27,972		22,774
Restructuring charge		1,049		871
Total operating expenses		155,087		151,744
Operating loss		(69,472)		(56,486)
Other (income) expense - net		136		(184)
Loss before income taxes		(69,608)		(56,302)
Income tax expense		460		672
Net loss	$	(70,068)	$	(56,974)
Net loss per share, basic and diluted	$	(0.90)	$	(0.67)
Weighted-average shares used to compute net loss per share, basic and diluted		78,196		85,008


(1) Includes stock-based compensation expense as follows:
Cost of revenue
Subscription		361		499
Software support and services		1,567		1,693
Research and development		7,709		9,122
Sales and marketing		6,614		8,418
General and administrative		4,122		6,934
	$	20,373	$	26,666

(2) Includes amortization of intangible assets as follows:
Cost of revenue
Perpetual license	$	670	$	462
	$	670	$	462


MOBILEIRON, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2016
(Amounts in thousands)
(Unaudited)
	Nine Months Ended
	September 30, 2015		September 30, 2016

Cash flows from operating activities:
Net loss	$	(70,068)	$	(56,974)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation expense		20,373		26,666
Depreciation		1,938		2,540
Amortization of intangible assets		670		462
Amortization of premium on investment securities		282		24
Provision for doubtful accounts		150		44
Changes in operating assets and liabilities:
Accounts receivable		443		970
Other current and noncurrent assets		(1,894)		(1,401)
Accounts payable		1,870		(944)
Accrued expenses and other long-term liabilities		(4,707)		119
Deferred revenue		10,158		8,297
Net cash used in operating activities		(40,785)		(20,197)

Cash flows from investing activities:
Purchase of property and equipment		(2,447)		(2,349)
Maturities of investment securities		21,895		70,717
Purchases of investment securities		(46,694)		(61,383)
Net cash provided by (used in) investing activities		(27,246)		6,985

Cash flows from financing activities:
Proceeds from employee stock purchase plan		3,969		3,247
Proceeds from exercise of stock options		4,391		814
Net cash provided by financing activities		8,360		4,061

Net change in cash and cash equivalents		(59,671)		(9,151)
Cash and cash equivalents at beginning of period		104,287		47,234
Cash and cash equivalents at end of period	$	44,616	$	38,083

Non-GAAP financial measures and reconciliations

To supplement our financial results presented on a U.S. GAAP basis, we provide investors with certain non-GAAP financial measures, including gross billings, recurring billings, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss and non-GAAP net loss per share. These non-GAAP financial measures exclude stock-based compensation, restructuring charges, and the amortization of intangible assets.

Beginning the first quarter of 2016, we stopped reporting non-GAAP revenue as reconciling items between GAAP and non-GAAP revenue became immaterial.

Stock-based compensation expenses: In our non-GAAP financial measures, we have excluded the effect of stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.

Amortization of intangible assets: In our non-GAAP financial measures, we have excluded the effect of the amortization of intangible assets. Amortization of intangible assets is significantly affected by the timing and size of our acquisitions. Amortization of intangible assets will recur in future periods.

Restructuring Charges: In our non-GAAP financial measures, we have excluded the effect of the severance and other expenses related to our reduction in workforce. Restructuring charges may recur in the future; however, the timing and amounts are difficult to predict.

Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, and non-GAAP net loss per share: We believe that the exclusion of stock-based compensation expense, amortization of intangible assets, and restructuring charges from revenue, non-GAAP gross profit, gross margin, operating loss, operating margin, net loss, and net loss per share provides useful measures for management and investors. Stock-based compensation, amortization of intangible assets, and restructuring charges have been and can continue to be inconsistent in amount from period to period. We believe the inclusion of these items makes it difficult to compare periods and understand the growth and performance of our business. In addition, we evaluate our business performance and compensate management based in part on these non-GAAP measures. There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by our competitors and exclude expenses that may have a material impact on our reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in our business and an important part of the compensation provided to our employees. Similarly, amortization of intangible assets has been and will continue to be a recurring expense.

Gross and recurring billings, recurring revenue and free cash flow: Our non-GAAP financial measures also include: gross billings, which we define as total revenue plus the change in deferred revenue in a period; recurring billings, which we define as total revenue less perpetual license, hardware, and professional services revenue plus the change in deferred revenue for subscription and software support arrangements in a period, adjusted for nonrecurring perpetual license billings; recurring revenue, which we define as total revenue less perpetual license, hardware, professional services and perpetual amounts recorded as subscription or software support revenue in multiple elements arrangements; and free cash flow, which we define as cash used in operating activities less the amount of property and equipment purchased. We consider gross billings to be a useful metric for management and investors because subscription billings, excluding MRC, and software support and services billings drive deferred revenue, which is an important indicator of future revenue. Similarly, we consider recurring billings and recurring revenue to be useful metrics because they are important indicators of the portion of our business that we would expect to recur each year. There are a number of limitations related to the use of gross, recurring billings and recurring revenue. First, gross and recurring billings include amounts that have not yet been recognized as revenue. Second, our calculation of gross and recurring billings may be different from other companies that report similar financial measures. Third, recurring revenue excludes perpetual license amounts recognized from multiple elements arrangements that we record as subscription or software support revenue in our GAAP statements of operations, and these perpetual license amounts are based on invoice value, not fair value, although we believe invoice value approximates the fair value of the


MOBILEIRON, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Amounts in thousands, except for per share data and percentages)
(Unaudited)
	Three Months Ended
	September 30, 2015			September 30, 2016

Non-GAAP gross profit reconciliation:
GAAP gross profit	$	30,428		$	33,757
Stock-based compensation expenses		1,055			747
Amortization of intangible assets		223			154
Restructuring charge		-			181
Non-GAAP gross profit	$	31,706		$	34,839

Non-GAAP gross margin reconciliation:
GAAP gross margin: GAAP gross profit over GAAP total revenue		80.1	%		81.2	%
GAAP to non-GAAP gross margin adjustments		3.3	%		2.6	%
Non-GAAP gross margin: non-GAAP gross profit over non-GAAP total revenue		83.4	%		83.8	%

Non-GAAP operating loss reconciliation:
GAAP operating loss	$	(23,914)		$	(14,314)
Stock-based compensation expenses		9,285			7,872
Amortization of intangible assets		223			154
Restructuring charge		1,049			1,052
Non-GAAP operating loss	$	(13,357)		$	(5,236)

Non-GAAP operating margin reconciliation:
GAAP operating margin: GAAP operating loss over GAAP total revenue		(62.9)	%		(34.4)	%
GAAP to non-GAAP operating margin adjustments		27.8	%		21.8	%
Non-GAAP operating margin: non-GAAP operating loss over non-GAAP total revenue		(35.1)	%		(12.6)	%

Non-GAAP net loss reconciliation:
GAAP net loss	$	(24,095)		$	(14,593)
Stock-based compensation expenses		9,285			7,872
Amortization of intangible assets		223			154
Restructuring charge		1,049			1,052
Non-GAAP net loss	$	(13,538)		$	(5,515)


MOBILEIRON, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Amounts in thousands, except for per share data and percentages)
(Unaudited)
		Three Months Ended
		September 30, 2015		September 30, 2016
Non-GAAP net loss per share reconciliation:
GAAP net loss per share	$	(0.30)	$	(0.17)
Stock-based compensation expenses per share		0.12		0.09
Amortization of intangible assets		-		-
Restructuring charge		0.01		0.01
Non-GAAP net loss per share	$	(0.17)	$	(0.07)

Gross billings reconciliation:
Total revenue	$	38,001	$	41,566
Total deferred revenue, end of period		64,332		78,172
Less: Total deferred revenue, beginning of period		(61,241)		(72,487)
Total change in deferred revenue		3,091		5,685
Gross billings	$	41,092	$	47,251

Recurring billings reconciliation:
Total revenue	$	38,001	$	41,566
Less: Perpetual license revenue		(13,644)		(11,311)
Less: Professional services revenue		(515)		(780)
Subscription and software support deferred revenue, end of period		61,120		75,956
Less: Subscription and software support deferred revenue, beginning of period		(57,529)		(70,286)
Total change in subscription and software support deferred revenue		3,591		5,670
Less: Adjustments		(174)		(230)
Recurring billings	$	27,259	$	34,915

Recurring revenue reconciliation
Total revenue	$	38,001	$	41,566
Less: Perpetual license revenue		(13,644)		(11,311)
Less: Professional services revenue		(515)		(780)
Less: Perpetual license amount recorded over the term of subscription or software support (1)		(526)		(518)
Recurring revenue	$	23,316	$	28,957

Free cash flow reconciliation:
Cash used in operating activities	$	(13,182)	$	(6,525)
Purchase of property and equipment		(420)		(297)
Free cash flow	$	(13,602)	$	(6,822)

(1) Perpetual amounts recorded as subscription or software support revenue in multiple elements arrangements, where undelivered elements do not have VSOE


MOBILEIRON, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Amounts in thousands, except for per share data and percentages)
(Unaudited)
	Nine Months Ended
	September 30, 2015			September 30, 2016

Non-GAAP gross profit reconciliation:
GAAP gross profit	$	85,615		$	95,258
Stock-based compensation expenses		1,928			2,192
Amortization of intangible assets		670			462
Restructuring charge		-			181
Non-GAAP gross profit	$	88,213		$	98,093

Non-GAAP gross margin reconciliation:
GAAP gross margin: GAAP gross profit over GAAP total revenue		80.6	%		80.4	%
GAAP to non-GAAP gross margin adjustments		2.4	%		2.4	%
Non-GAAP gross margin: non-GAAP gross profit over non-GAAP total revenue		83.0	%		82.8	%

Non-GAAP operating loss reconciliation:
GAAP operating loss	$	(69,472)		$	(56,486)
Stock-based compensation expenses		20,373			26,666
Amortization of intangible assets		670			462
Restructuring charge		1,049			1,052
Non-GAAP operating loss	$	(47,380)		$	(28,306)

Non-GAAP operating margin reconciliation:
GAAP operating margin: GAAP operating loss over GAAP total revenue		(65.4)	%		(47.7)	%
GAAP to non-GAAP operating margin adjustments		20.8	%		23.8	%
Non-GAAP operating margin: non-GAAP operating loss over non-GAAP total revenue		(44.6)	%		(23.9)	%

Non-GAAP net loss reconciliation:
GAAP net loss	$	(70,068)		$	(56,974)
Amortization of intangible assets		670			462
Stock-based compensation expenses		20,373			26,666
Restructuring charge		1,049			1,052
Non-GAAP net loss	$	(47,976)		$	(28,794)


MOBILEIRON, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(Amounts in thousands, except for per share data and percentages)
(Unaudited)
		Nine Months Ended
		September 30, 2015		September 30, 2016
Non-GAAP net loss per share reconciliation:
GAAP net loss per share	$	(0.90)	$	(0.67)
Stock-based compensation expenses per share		0.26		0.31
Amortization of intangible assets		0.01		0.01
Restructuring charge		0.01		0.01
Non-GAAP net loss per share	$	(0.61)	$	(0.34)

Gross billings reconciliation:
Total revenue	$	106,252	$	118,454
Total deferred revenue, end of period		64,332		78,172
Less: Total deferred revenue, beginning of period		(54,174)		(69,875)
Total change in deferred revenue		10,158		8,297
Gross billings	$	116,410	$	126,751

Recurring billings reconciliation:
Total revenue	$	106,252	$	118,454
Less: Perpetual license revenue		(38,050)		(31,462)
Less: Professional services revenue		(2,218)		(2,373)
Subscription and software support deferred revenue, end of period		61,120		75,956
Less: Subscription and software support deferred revenue, beginning of period		(49,194)		(67,267)
Total change in subscription and software support deferred revenue		11,926		8,689
Less: Adjustments		(1,912)		(1,185)
Recurring billings	$	75,998	$	92,123

Recurring revenue reconciliation
Total revenue	$	106,252	$	118,454
Less: Perpetual license revenue		(38,050)		(31,462)
Less: Professional services revenue		(2,218)		(2,373)
Less: Perpetual license amount recorded over the term of subscription or software support (1)		(1,442)		(1,415)
Recurring revenue	$	64,542	$	83,204

Free cash flow reconciliation:
Cash used in operating activities	$	(40,785)	$	(20,197)
Purchase of property and equipment		(2,447)		(2,349)
Free cash flow	$	(43,232)	$	(22,546)

(1) Perpetual amounts recorded as subscription or software support revenue in multiple elements arrangements, where undelivered elements do not have VSOE


	MOBILEIRON, INC.
	SUPPLEMENTAL INFORMATION
	(Amounts in thousands)
	(Unaudited)


	30-Sep-15		31-Dec-15		31-Mar-16		30-Jun-16		30-Sep-16
GAAP Revenue
United States	$	18,774	$	20,580	$	18,405	$	18,890	$	20,292
International		19,227		22,466		19,602		19,991		21,274
Total		38,001		43,046		38,007		38,881		41,566


Gross billings	$	41,092	$	48,589	$	38,288	$	41,212	$	47,251
Recurring billings		27,259		31,487		26,770		30,439		34,915
Recurring revenue		23,316		26,021		26,638		27,609		28,957
Non-GAAP gross profit		31,706		36,552		31,281		31,973		34,839
Non-GAAP operating loss		(13,357)		(5,266)		(11,003)		(12,067)		(5,236)
Free cash flow		(13,602)		(9,032)		(5,135)		(10,589)		(6,822)

Components of Deferred Revenue
Software support	$	36,564	$	42,254	$	41,904	$	42,762	$	43,635
Subscription		24,556		25,013		25,675		27,524		32,321
Other deferred revenue		3,212		2,608		2,577		2,201		2,216
Total	$	64,332	$	69,875	$	70,156	$	72,487	$	78,172

Investor Contact:

Samuel Wilson

MobileIron

ir@mobileiron.com

650-282-7555

Media Contact:

Clarissa Horowitz

MobileIron

clarissa@mobileiron.com

415-608-6825