LogMeIn Announces Second Quarter 2018 Results
LOGMEIN (LOGM)
Last logmein earnings: 4/23 04:08 pm
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US:NASDAQ Investor Relations:
investor.logmeininc.com/about-us/investors/overview/default.aspx
Company Research
Source: GlobeNewswire
BOSTON, July 26, 2018 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the second quarter ended June 30, 2018. Second quarter 2018 highlights include: GAAP revenue was $305.7 million and non-GAAP revenue was $307.1 millionGAAP net income was $6.6 million or $0.12 per diluted share and non-GAAP net income was $69.8 million or $1.32 per diluted shareEBITDA was $82.2 million or 26.9% of GAAP revenue and Adjusted EBITDA was $110.1 million or 35.9% of non-GAAP revenueCash flow from operations was $103.2 million or 33.6% of non-GAAP revenue, and Adjusted cash flow from operations was $111.3 million or 36.2% of non-GAAP revenueTotal deferred revenue was $381.8 millionThe Company closed the quarter with cash and cash equivalents of $198.9 million and $200.0 million of borrowings under its existing credit agreement “LogMeIn had a solid second quarter with revenue and earnings that exceeded the high-end of our
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