Carbonite, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017 and Revises Earnings Guidance for the Full Year of 2017
The company provided earnings guidance for the second quarter of 2017 and revised earnings guidance for the full year of 2017. For the quarter, the company expects GAAP revenue to be in the range of $56.0 million to $60.0 million, non-GAAP revenue to be in the range of $58.0 million to $62.0 million and non-GAAP net income per share to be in the range of $0.11 to $0.13.
For the year, the company now expects GAAP revenue to be in the range of $229.0 million to $246.0 million compared to previous guidance to be in the range of $223.0 million to $243.0 million, non-GAAP revenue to be in the range of $234.5 million to $252.5 million compared to previous guidance to be in the range of $232.5 million to $252.5 million, non-GAAP net income per share to be in the range of $0.74 to $0.80 compared to previous guidance to be in the range of $0.72 to $0.80, non-GAAP gross margin to be in the range of 74.0% to 75.0% compared to previous guidance to be in the range of 74.0% to 75.0% and adjusted free cash flow to be in the range of $16.0 million to $20.0 million compared to previous guidance to be in the range of $14.0 million to $18.0 million.