Synchronoss Successfully Completes Post-Divestiture Cost Removals, Resulting in Approximately $15 Million in Annual Savings
Synchronoss Technologies, Inc. (SNCR)
Last synchronoss technologies, inc. earnings: 3/9 04:01 pm
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US:NASDAQ Investor Relations:
synchronoss.com/company/investor-relations
Company Research
Source: GlobeNewswire
BRIDGEWATER, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a leading global provider of personal Cloud software and services, today announced it has completed the consolidation of its standalone Cloud operations, removing approximately $15 million in annualized costs. Additionally, management reported its expectations to meet or exceed its previously communicated 2023 financial guidance, highlighting the effective execution of the Company’s Cloud-focused business model and its prudent financial management. Completion of Key Cost ReductionsFollowing the strategic divestiture of non-core assets in November 2023, Synchronoss management shared an initial expectation to further improve the Company’s continuing operations cost profile by eliminating approximately $10 to $15 million of stranded and other costs from the standalone Cloud operations. Today, Synchronoss confirmed the successful elimination of approxima
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SNCR
News
- Synchronoss (SNCR) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Synchronoss Technologies Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Synchronoss Technologies Reports First Quarter 2024 ResultsGlobeNewswire
- Synchronoss (SNCR) to Report Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- Synchronoss Technologies Announces First Quarter 2024 Earnings Call Date and Participation in Upcoming Investor EventsGlobeNewswire
SNCR
Earnings
- 5/7/24 - Beat
SNCR
Sec Filings
- 5/7/24 - Form 8-K
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- SNCR's page on the SEC website