Carbonite (CARB) Tops Q3 EPS by 7c
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Carbonite Announces Third Quarter 2018 Financial Results
November 1, 2018 4:05 PM EDT59% Business Subscription Bookings Growth and Better-than-Expected Profitability
BOSTON, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Carbonite, Inc. (NASDAQ: CARB), a global leader in data protection, today announced financial results for the quarter ended September 30, 2018.
Third Quarter 2018 Highlights:
Revenue of $77.7 million increased 26% year-over-year.Non-GAAP revenue of $79.1 million increased 25% year-over-year.1Business subscription bookings of $43.9 million increased 59% year-over-year.2Net income for the third quarter was $0.6 million, compared to net loss of ($3.6) million in the third quarter of 2017.Net income (loss) per share was $0.02 (basic and diluted), as compared to... More