Needham & Company Upgrades LogMeIn (LOGM) to Strong Buy
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LogMeIn Announces First Quarter 2015 Results
April 28, 2015 4:08 PM EDTBOSTON, April 28, 2015 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (Nasdaq: LOGM), a leading provider of cloud based connectivity, today announced its results for the first quarter ended March 31, 2015.
First quarter 2015 highlights include:
Revenue was $61.1 million, up 25% compared with the first quarter of 2014 Adjusted EBITDA was $12.6 million and Adjusted EBITDA margin was 20.5% versus $9.9 million and 20.1% in the first quarter of 2014 Non-GAAP net income was $8.5 million, or $0.33 per diluted share, as compared to $5.5 million, or $0.22 per diluted share, in the first quarter of 2014 GAAP net income was $372,000 or... More