Carbonite Announces Third Quarter 2018 Financial Results
CARBONITE (CARB)
Last carbonite earnings: 11/11 08:00 am
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US:NASDAQ Investor Relations:
investor.carbonite.com/investor-relations
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Source: GlobeNewswire
59% Business Subscription Bookings Growth and Better-than-Expected Profitability BOSTON, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Carbonite, Inc. (NASDAQ: CARB), a global leader in data protection, today announced financial results for the quarter ended September 30, 2018. Third Quarter 2018 Highlights: Revenue of $77.7 million increased 26% year-over-year.Non-GAAP revenue of $79.1 million increased 25% year-over-year.1Business subscription bookings of $43.9 million increased 59% year-over-year.2Net income for the third quarter was $0.6 million, compared to net loss of ($3.6) million in the third quarter of 2017.Net income (loss) per share was $0.02 (basic and diluted), as compared to ($0.13) in 2017 (basic and diluted).Non-GAAP net income per share was $0.53 (basic) and $0.48 (diluted), as compared to $0.26 (basic) and $0.25 (diluted) in 2017.3Adjusted EBITDA of $23.0 million, or 29% of non-GAAP revenue, compared to $11.3 million, or 18% of non-GAAP revenue in 2017.4 “We continue to d
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