Synchronoss Technologies Q1 Profit Surges - Quick Facts

(RTTNews) - Synchronoss Technologies, Inc. (SNCR) Wednesday reported first-quarter net income of $7.58 million or $0.19 per share, significantly up from $476 thousand or $0.01 per share in the prior year.

Non-GAAP earnings were $0.39 per share, while the company posted $0.28 per share last year.

On average, nine analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter climbed 26% to $98.48 million from $78.28 million a year ago. Non-GAAP total revenue was $98.7 million, up 24% year-over-year. Analysts estimated revenues of $97.01 million for the quarter.