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Synchronoss reports Q3 EPS 4c, consensus 3c
The Fly

Synchronoss reports Q3 EPS 4c, consensus 3c

Reports Q3 revenue $59.9M, consensus $62.98M. "In Q3, we took proactive steps to preserve our profitability and cash flow generation," said Jeff Miller, President and CEO of Synchronoss. "Our successful actions resulted in positive income from operations and adjusted free cash flow, which improved nearly $11.8 million and $6.6 million, respectively, on a year-over-year basis. Further, we are encouraged by the continued strength of our cloud subscriber growth and invoiced Cloud revenue growth during the quarter, increasing 15% and 7%, respectively, during the period, highlighting the underlying strength of our cloud-first strategy."

Published first on TheFly

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