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|Synchronoss Technologies, Inc. Announces Fourth Quarter and Full Year 2012 Financial Results|
“The company’s strong business momentum contributed to revenue and
profitability that were above the high end of our expectations for the
fourth quarter,” said
Waldis added, “As we look ahead, we are very optimistic about
Synchronoss’ future as we are positioned to take advantage of certain
powerful industry drivers such as the growth in connected devices and
cloud services. We remain on track to deploy our Personal Cloud platform
with multiple major operators over the course of 2013, and we believe
On a GAAP basis,
On a non-GAAP basis,
A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."
“We are pleased with the leverage displayed in Synchronoss’ business
model during 2012. While we invested heavily in the company’s Personal
Cloud platform and global distribution,
Full Year 2012 Summary Financial Results
Conference Call Details
In conjunction with this announcement,
Following the conference call, a replay will be available at 888-286-8010 (domestic) or 617-801-6888 (international). The replay pass code is 55365997. An archived web cast of this conference call will also be available on the “Investor Relations” page of the company’s web site, www.synchronoss.com.
Non-GAAP Financial Measures
Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as detailed above. As previously mentioned, a reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release.
This document may include certain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements contained
in this press release that are not historical facts and statements
identified by words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," “outlook” or words of similar
meanings. These statements are based on our current beliefs or
expectations and are inherently subject to various risks and
uncertainties, including those set forth under the caption "Risk
Factors" in Synchronoss’ Annual Report on Form 10-K for the year ended