LogMeIn (LOGM) Tops Q2 EPS by 4854c
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LogMeIn Announces Second Quarter 2016 Results
July 26, 2016 4:06 PM EDTBOSTON, July 26, 2016 (GLOBE NEWSWIRE) -- LogMeIn, Inc. (NASDAQ: LOGM), a leading provider of cloud-based connectivity, today announced its results for the second quarter ended June 30, 2016.
Second quarter 2016 highlights include:
Revenue was $83.3 million, representing 28% growth compared with the second quarter of 2015Adjusted EBITDA was $21.4 million and Adjusted EBITDA margin was 25.7%, versus $14.6 million and 22.6% in the second quarter of 2015GAAP net income was $2.5 million, or $0.10 per share, as compared to GAAP net income of $2.4 million, or $0.09 per diluted share, in the second quarter of 2015Non-GAAP net income was... MoreLogMeIn Announces Merger with Citrix’s GoTo Family of Products to Create Billion Dollar Industry Leader
July 26, 2016 4:00 PM EDTCombined Entity will be a Leading SaaS Company with a Diverse and Innovative Product Portfolio
Expected First Year Post Close Pro Forma Revenue of $1+ Billion, Anticipated Adjusted EBITDA Margins of 35% in 2017, Anticipated Pro Forma 35%+ Free Cash Flow Accretion over Standalone LogMeIn after Realizing Run Rate Synergies
Run Rate Cost Synergies of $65 Million Expected in Year One and More than $100 Million Expected in Year Two
Bill Wagner, LogMeIn President and CEO, to Lead Combined Company
Citrix and LogMeIn... More
