Synchronoss Technologies, Inc. Announces Fourth Quarter and Full Year 2016 Financial Results
Summary
“ The Synchronoss team is laying the foundation for the next chapter of growth.” “ It has been an exciting time at Synchronoss over the past few months as we view the acquisition of Intralinks to be a major step forward in our enterprise strategy with Ron leading the team to successfully integrate both companies into a single portfolio,” said Founder and Executive Chairman Stephen Waldis. As noted, the non-GAAP financial results discussed above add back the deferred revenue write-down associated with acquisitions, fair value stock-based compensation expense, acquisition-related costs which includes integration costs, changes in the contingent consideration obligation, deferred compensation expense related to earn outs and amortization of intangibles associated with acquisitions. Synchronoss (NASDAQ: SNCR) is an innovative software company that helps both service providers and enterprises realize and execute their goals for mobile transformation. Our simple, powerful and flexible solutions serve millions of mobile subscribers and a large portion of the Fortune 500 worldwide today. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.
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