Carbonite Confirms Revenue From $59 to $61 Million

Carbonite, Inc. hosted its Inaugural Financial Analyst and Investor Day on September 19, 2017 at the company’s HQs in Boston, MA.

“Our inaugural financial analyst and investor day provides an opportunity for us to showcase the incredible team at Carbonite, detail our growth strategy, discuss our key differentiators, and outline our long-term financial goals.  We have made incredible progress in building the architecture and integrating the technologies that create the foundation for our market-leading data protection platform, and I look forward to sharing our plans for continued growth and success,” said Mohamad Ali, president and CEO, Carbonite.

The company reiterated its third quarter 2017 business outlook previously issued in conjunction with the reporting of its second quarter 2017 financial results on August 3, 2017. 

Outlook for the third quarter of 2017 is as follows:
• GAAP Revenue in the range of $59.0 – $61.0 million
• Non-GAAP Revenue in the range of $60.5 – $62.5 million
• Non-GAAP Net Income per share in the range of $0.19 – $0.21

“We are confident in our ability to deliver a meaningful sequential increase in profitability during the third quarter, driven in part by the continued operational efficiencies from building and operating an extremely efficient cloud platform,” said Anthony Folger, CFO, Carbonite. “As a result, we are reiterating our previously issued third quarter 2017 business outlook.“

“Today we are outlining our long-term financial model, which showcases the opportunity for a significant expansion in profitability and free cash flow generation, with a continued balance of organic and inorganic revenue growth,” continued Folger.