Carbonite, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $57,099,000 increased 19% year-over-year compared to $48,115,000 a year ago. Loss from operations was $6,873,000 compared to $4,451,000 a year ago. Loss before income taxes was $6,795,000 compared to $4,601,000 a year ago. Net income was $7,595,000 or $0.27 per basic and diluted share compared to loss of $4,696,000 or $0.17 per basic and diluted share a year ago. Net cash provided by operating activities was $7,696,000 compared to net cash used in operating activities of $6,757,000 a year ago. Purchases of property and equipment were $6,568,000 compared to $1,924,000 a year ago. Non-GAAP revenue was $59,087,000 increased 21% year-over-year compared to $48,678,000 a year ago. Non-GAAP net income was $2,529,000 or $0.09 per basic and diluted share compared to $4,081,000 or $0.15 per basic and diluted share a year ago.

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.