Last $14.63 USD
Change Today -0.125 / -0.85%
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As of 12:58 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

carbonite inc (CARB) Key Developments

Carbonite, Inc. Announces Carbonite Server Backup, Hybrid Backup and Recovery to Office 365

Carbonite, Inc. announced support for Office 365 that enables small-to-midsized businesses (SMBs) to protect critical business data created and hosted in the cloud. The release of Carbonite Server Backup delivers hybrid backup for Microsoft Exchange Online in Office 365, providing SMBs the data protection they need as business processes shift to the cloud. Carbonite's support of Office 365 also enables channel partners to better meet the needs of their rapidly expanding Office 365 customer base. Carbonite Server Backup delivers reliable and affordable protection for critical local and Office 365 data in a single, comprehensive solution developed specifically for SMBs. Carbonite Server Backup enables businesses to easily and affordably protect against data loss with a hybrid functionality that backs up data to the cloud, locally to a physical piece of hardware or networked drive, or to both. In addition to Office 365, Carbonite Server Backup supports servers (physical and virtual), databases, live applications, NAS drives, Hyper-V, and external hard drives. The newest release of Carbonite Server Backup is available for download. Additional functionalities include: Mailbox-level backup and restore. Carbonite Server Backup simplifies data protection for IT administrators by enabling backup and recovery of individual Exchange mailboxes. Rather than restoring an entire Exchange database to recover corrupted or deleted individual user data, IT administrators can quickly search for and restore specific Exchange mailboxes both locally and in Office 365. Powerful, simple customization. Administrators can easily apply the powerful customization of Carbonite Server Backup – network utilization, storage capacity, retention periods, cloud and local backup targets, and more – to Office 365. Secure AES 128-bit encryption transmitted through a Secure Socket Layer (SSL). Users have the ability to create a 256-bit private key encryption.

Carbonite, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year 2015

Carbonite, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company recorded revenue of $31.9 million, an increase of 11% from $28.8 million in the fourth quarter of 2013. Net loss was $5.1 million, compared to a net income of $0.3 million in the fourth quarter of 2013. Non-GAAP net loss for the fourth quarter was $0.9 million, compared to non-GAAP net income of $1.7 million in the fourth quarter of 2013. Net loss per basic and diluted share was $0.19, compared to a net income per share of $0.01 in the fourth quarter of 2013. Non-GAAP net loss per basic and diluted share was $0.03 compared to non-GAAP net income per share of $0.06 in the fourth quarter of 2013. Cash flow from operations was $7.9 million, compared to $5.1 million in the fourth quarter of 2013. Non-GAAP free cash flow was $7.1 million, compared to $2.8 million in the fourth quarter of 2013. Loss from operations was $4.615 million compared to income from operations of $0.341 million a year ago. Loss before income tax was $4.796 million compared to income before tax of $0.343 million a year ago. For the full year, the company reported revenue of $122.6 million, an increase of 14% from $107.2 million in 2013. Net loss was $9.4 million, compared to a net loss of $10.6 million in 2013. Non-GAAP net loss was $0.1 million, compared to non-GAAP net loss of $3.2 million in 2013. Net loss per basic and diluted share was $0.35 compared to a net loss per share of $0.41 in 2013. Non-GAAP net loss per basic and diluted share was $0.00 for the full year, compared to non-GAAP net loss per share of $0.12 in 2013. Loss from operations was $8.585 million compared to $10.552 million a year ago. Loss before income tax was $8.983 million compared to $10.550 million a year ago. Cash flow from operations for the full year was $22.7 million, compared to $14.6 million in 2013. Non-GAAP free cash flow for the full year was $15.1 million, compared to $6.0 million in 2013. Purchases of property and equipment were $14.495 million compared to $9.801 million a year ago. For the first quarter of 2015, revenues are expected to be in the range of $31.9-$32.1 million and non-GAAP net loss per share to be in the range of $0.09-$0.07. For the full year of 2015, revenues are expected to be in the range of $137.0-$138.0 million and non-GAAP net income per share to be in the range of $0.08-$0.10.

Carbonite Seeks Acquisitions

Carbonite, Inc. (NasdaqGM:CARB) is looking for acquisition opportunities. "we have recruited a world-class acquisition integration executive to lead our integration with MailStore and potential acquisitions in the future. Together, I believe these operational execution and integration activities will help drive robust and predictable financial results," said Mohamad Ali, President and Chief Executive Officer of Carbonite.

Carbonite, Inc. to Report Q4, 2014 Results on Feb 03, 2015

Carbonite, Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 03, 2015

Carbonite, Inc., Q4 2014 Earnings Call, Feb 03, 2015

Carbonite, Inc., Q4 2014 Earnings Call, Feb 03, 2015

 

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