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LogMeIn Announces Third Quarter 2017 Results
 

Highlights Include Continued Growth and Margin Improvement with Strong Cash Flows

November 6, 2017: LogMeIn, Inc. (NASDAQ:LOGM), a leading provider of cloud-based connectivity, today announced its results for the third quarter ended September 30, 2017.

Third quarter 2017 highlights include:

GAAP revenue was $269.3 million and non-GAAP revenue was $276.1 million 
GAAP net income was $9.9 million or $0.19 per diluted share and non-GAAP net income was $62.1 million or $1.16 per diluted share
EBITDA was $67.3 million or 25.0% of GAAP revenue, and Adjusted EBITDA was $104.0 million or 37.7% of non-GAAP revenue
Cash Flow from Operations was $90.5 million or 32.8% of non-GAAP revenue, and Adjusted Cash Flow from Operations was $102.5 million or 37.1% of non-GAAP revenue
Total deferred revenue was $328.5 million
The Company closed the quarter with cash, cash equivalents and short-term investments of $276.0 million

“The Company continued to perform well, with revenue, adjusted EBITDA, and non-GAAP earnings per share above the high-end of our guidance,” said Bill Wagner, President and CEO of LogMeIn.  “We are also pleased with the success we have made integrating these businesses to create a software leader with a compelling profile.”

Posted by : Dubai PR Network Editorial Team
Viewed 1665 times
PR Category : Technology
Posted on : Monday, November 6, 2017  4:03:00 PM UAE local time (GMT+4)
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