Carbonite announces second quarter 2016 financial results – nasdaq. com open source backup tools

Revenue Growth Drives Record Profitability; Company Increases 2016 Outlook BOSTON, Aug. Best data backup software 02, 2016 (GLOBE NEWSWIRE) — Carbonite, Inc. Backup driver software (NASDAQ: CARB), a leading provider of cloud backup and restore solutions for small and midsize businesses (SMBs), today announced financial results for the quarter ended June 30, 2016. • Net income (loss) per share was $0.04, as compared to ($0.18) in the second quarter of 2015. “I am very pleased with our progress, especially the expansion of our SMB business which grew approximately 150%. Free download backup software The EVault integration is exceeding expectations, yielding faster and better-than-expected synergies. Mobile data backup software


free download Market demand for our expanded set of solutions is strong and growing, and I am confident in the team’s ability to continue to drive results,” said Mohamad Ali “We delivered strong revenue and bookings growth that drove record profitability in the quarter and resulted in our raised outlook for 2016. Best free file backup software Our rapidly growing SMB business now represents the majority of total bookings and the strength of that business is a key driver of our improving financial results,” said Anthony Folger • Revenue for the second quarter was $53.4 million, an increase of 57% from $34.0 million in the second quarter of 2015.

File based backup software Non-GAAP revenue for the second quarter was $54.2 million, an increase of 60% from $34.0 million in the second quarter of 2015. Server 2003 backup software 1 • Bookings for the second quarter were $53.7 million, an increase of 50% from $35.7 million in the second quarter of 2015. Free backup software for windows 10 2 • Gross margin for the second quarter was 70.3%, compared to 71.2% in the second quarter of 2015.

Tape backup software Non-GAAP gross margin was 72.5% in the second quarter, compared to 72.6% in the second quarter of 2015. Top ten backup software 3 • Net income for the second quarter was $1.2 million, compared to a net loss of ($4.8) million in the second quarter of 2015.

Backup software for linux Non-GAAP net income for the second quarter was $5.2 million, compared to non-GAAP net loss of ($0.3) million in the second quarter of 2015. Free backup image software 4 • Net income per share for the second quarter was $0.04 (basic and diluted), compared to a net loss per share of ($0.18) (basic and diluted) in the second quarter of 2015.

Offsite backup software Non-GAAP net income per share was $0.19 (basic and diluted) for the second quarter, compared to non-GAAP net loss per share of ($0.01) (basic and diluted) in the second quarter of 2015. Top ten backup software 4 • Total cash, cash equivalents and marketable securities were $43.2 million as of June 30, 2016, compared to $64.9 million as of December 31, 2015. • Cash flow from operations for the second quarter was $5.1 million, compared to $4.0 million in the second quarter of 2015. Backup and disaster recovery software Adjusted free cash flow for the second quarter was $7.3 million, compared to $3.2 million in the second quarter of 2015.

Free system backup software 5 1 Non-GAAP revenue excludes the impact of purchase accounting adjustments for the acquisition of EVault. 2 Bookings 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, net of foreign exchange during the same period. 3 Non-GAAP gross margin excludes the impact of purchase accounting adjustments, amortization expense on intangible assets, stock-based compensation expense and acquisition-related expense. 4 Non-GAAP net income (loss) and non-GAAP net income (loss) per share excludes the impact of purchase accounting adjustments, amortization expense on intangible assets, stock-based compensation expense, litigation-related expense, restructuring-related expense, acquisition-related expense, hostile takeover-related expense, CEO transition expense, and the income tax effect of non-GAAP adjustments.

5 Adjusted free cash flow is calculated by subtracting the cash paid for the purchase of property and equipment and adding the payments related to corporate headquarter relocation, acquisition-related payments, hostile takeover-related payments, CEO transition payments, restructuring-related payments, litigation-related payments and the cash portion of the lease exit charge from net cash provided by operating activities. An explanation of non-GAAP measures is provided under the heading “Non-GAAP Financial Measures” below, and reconciliations to the most comparable GAAP measures are provided in the tables at the end of this press release.

For the third quarter of 2016, revenues are expected to be in the range of $44.5-$49.5 million and non-GAAP revenues are expected to be in the range of $45.0-$50.0 million. Nas backup software Non-GAAP net income per share is expected to be in the range of $0.06 – $0.10. For the full year of 2016 the Company is raising its financial guidance.

Software backup Revenues are expected to be in the range of $192.7-$202.7 million and non-GAAP revenues are expected to be in the range of $195.0-$205.0 million. External hard drive backup software free Non-GAAP net income per share is expected to be in the range of $0.48 – $0.52. Carbonite’s expectations of non-GAAP net income per share for the third quarter and full year of 2016 excludes the impact of purchase accounting adjustments, stock-based compensation expense, litigation-related expense, acquisition-related expense, amortization expense on intangible assets and the income tax effect of non-GAAP adjustments.

Backup data software Non-GAAP net income per share assumes an effective tax rate of 11% for the full year of 2016. Data backup software free Non-GAAP net income per share assumes fully-diluted weighted average shares outstanding of approximately 27.0 million for the third quarter and full year of 2016. In conjunction with this announcement, Carbonite will host a conference call on Tuesday, August 2, 2016 at 8:30 a.m. Best free backup software for windows 10 ET to review the results.

Best backup software for servers This call will be webcast live and can be found in the investor relations section of the Company’s website at http://investor.carbonite.

com. Top ten backup software The conference call can also be accessed by dialing (877) 303-1393 in the United States or (315) 625-3228 internationally with the passcode 46452332. Following the completion of the call, a recorded replay will be available on the Company’s website, http://investor.carbonite.com, under “Events & Presentations” through August 2, 2017.

Carbonite provides all financial information required in accordance with generally accepted accounting principles (GAAP). Backup software review 2014 To supplement our consolidated financial statements presented in accordance with GAAP, this press release contains non-GAAP financial measures including bookings, non-GAAP revenue, non-GAAP gross margin, non-GAAP net income (loss) and non-GAAP net income (loss) per share, non-GAAP operating expense and adjusted free cash flow. Driver backup software download In preparing our non-GAAP information, we have excluded certain amounts as set forth in the attached financial tables.

The Company believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company’s financial condition and ordinary results of operations. The Company’s management uses these non-GAAP measures to compare the Company’s performance to that of prior periods and uses these measures in financial reports prepared for management and the Company’s board of directors. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other software-as-a-service companies, many of which present similar non-GAAP financial measures to investors. The Company does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP.

The principal limitation of these non-GAAP financial measures is that they exclude significant items that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management. In order to compensate for these limitations, management presents its non-GAAP financial measures in connection with its GAAP results. Best personal backup software Exclusion of certain amounts in the calculation of non-GAAP financial measures should not be construed as an inference that these exclusions are unusual or infrequent.

Backup software comparison We anticipate that these exclusions will continue to be made in the future presentation of the Company’s non-GAAP financial measures. Driver backup software The Company urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

With respect to our expectations under “Business Outlook” above, the Company has not reconciled non-GAAP net income per share to net income (loss) per share in this press release because we do not provide guidance for stock-based compensation expense, litigation-related expense, acquisition-related expense, amortization expense on intangible assets and the income tax effect of non-GAAP adjustments as we are unable to quantify certain of these amounts that would be required to be included in the GAAP measure without unreasonable efforts. Database backup software In addition, the Company believes such reconciliations would imply a degree of precision that would be confusing or misleading to investors. This Press Release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995.

Image backup software These forward-looking statements represent the Company’s views as of the date they were first made based on the current intent, belief or expectations, estimates, forecasts, assumptions and projections of the Company and members of our management team. Driver backup software free download for windows 7 Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Best backup software for windows 10 Those statements include, but are not limited to, statements regarding guidance on our future financial results and other projections or measures of future performance. Data backup and recovery software free download full version Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control.

Software backup The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to profitably attract new customers and retain existing customers, the Company’s dependence on the market for cloud backup services, the Company’s ability to manage growth, and changes in economic or regulatory conditions or other trends affecting the Internet and the information technology industry. Backup schedule software These and other important risk factors are discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 filed with the Securities and Exchange Commission (the “SEC”), which is available on www.sec.gov, and elsewhere in any subsequent periodic or current reports filed by us with the SEC. Hdd backup software free Except as required by applicable law, we do not undertake any obligation to update our forward-looking statements to reflect future events, new information or circumstances. Carbonite, Inc. Software para backup (NASDAQ: CARB) is a leading provider of cloud backup and restore solutions for small and mid-sized businesses. Best backup software for android to pc Together with our partners we protect millions of devices and their valuable data for businesses and individuals around the world who rely on us to ensure their important data is secure, available and useful.

Backup software ratings To learn more visit Carbonite.com. Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Proceeds from maturities of marketable securities and derivatives (1) Excludes the impact of purchase accounting adjustments for the acquisition of EVault.

Calculation of Non-GAAP Net Income (Loss) and Non-GAAP Net Income (Loss) per Share Reconciliation of GAAP Operating Expense to Non-GAAP Operating Expense Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default settings, please select Default Setting above. If you have any questions or encounter any issues in changing your default settings, please email isfeedback@nasdaq.

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