![]() ![]() Non-GAAP revenue excludes the impact of purchase accounting adjustments for significant acquisitions.īookings represent the aggregate dollar value of customer subscriptions and software arrangements, which may include multiple revenue elements, such as software licenses, hardware, professional services and post-contractual support, received during a period and are calculated as revenue recognized during a particular period plus the change in total deferred revenue, excluding deferred revenue recorded in connection with acquisitions and divestitures, net of foreign exchange during the same period. Adjusted free cash flow for the third quarter was $6.0 million, compared to $4.5 million in the third quarter of 2016. Cash flow from operations for the third quarter was $6.9 million, compared to $5.0 million in the third quarter of 2016.Non-GAAP net income per share was $0.26 (basic) and $0.25 (diluted) for the third quarter, compared to non-GAAP net income per share of $0.14 (basic and diluted) in the third quarter of 2016. Net loss per share for the third quarter was ($0.13) (basic and diluted), compared to net income per share of $0.00 (basic and diluted) in the third quarter of 2016.Non-GAAP net income for the third quarter was $7.3 million, compared to non-GAAP net income of $3.8 million in the third quarter of 2016. Net loss for the third quarter was ($3.6) million, compared to net income of $0.1 million in the third quarter of 2016. ![]() Non-GAAP gross margin was 76.3% in the third quarter, compared to 72.2% in the third quarter of 2016. Gross margin for the third quarter was 71.5%, compared to 70.2% in the third quarter of 2016.Bookings for the third quarter were $59.7 million, an increase of 21% from $49.2 million in the third quarter of 2016.Non-GAAP revenue for the third quarter was $63.1 million, an increase of 20% from $52.5 million in the third quarter of 2016. Revenue for the third quarter was $61.6 million, an increase of 19% from $51.9 million in the third quarter of 2016.The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The accompanying financial data includes additional information regarding these metrics and a reconciliation of non-GAAP financial information to GAAP. The Company uses a variety of operational and financial metrics, including non-GAAP financial measures, to evaluate its performance and financial condition. As we continue to integrate acquired businesses, we expect to realize more synergies in the coming quarters and to continue expanding profitability,” said Anthony Folger, CFO of Carbonite. “Our disciplined approach to driving growth has produced another quarter of sequential double-digit growth in non-GAAP net income per share. We are successfully executing our plan to build the leading data protection platform for businesses, and I am incredibly pleased with our progress,” said Mohamad Ali, President and CEO of Carbonite. “The third quarter was another successful quarter for Carbonite as we delivered strong financial results and we made significant progress on our integration priorities. Non-GAAP net income per share was $0.26 (basic) and $0.25 (diluted), as compared to $0.14 in 2016 (basic and diluted).Net (loss) income per share was ($0.13), as compared to $0.00 in 2016 (basic and diluted).Bookings of $59.7 million increased 21% year-over-year.Non-GAAP revenue of $63.1 million increased 20% year-over-year.Revenue of $61.6 million increased 19% year-over-year.(NASDAQ:CARB), a leading provider of cloud, hybrid and onsite data protection solutions, today announced financial results for the quarter ended September 30, 2017. 02, 2017 (GLOBE NEWSWIRE) - Carbonite, Inc. ![]()
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