Carbonite, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter of 2018; Revises Earnings Guidance for the Full Year of 2018
The company provided earnings guidance for the second quarter of 2018 and revised earnings guidance for the full year of 2018. For the second quarter of 2018, the company expects GAAP revenue to be in the range of $75.8 million to $77.8 million, non-GAAP revenue to be in the range of $78.0 million to $80.0 million and non-GAAP net income per share to be in the range of $0.34 to $0.38.
For the year 2018, the company now expects GAAP revenue to be in the range of $296.9 million to $306.9 million compared to previous guidance to be in the range of $294 million to $304.0 million, non-GAAP revenue to be in the range of $302.5 million to $312.5 million compared to previous guidance to be in the range of $302.5 million to $312.5 million, non-GAAP net income per share to be in the range of $1.51 to $1.59 compared to previous guidance to be in the range of $1.45 to $1.55, non-GAAP gross margin to be in the range of 76.0% to 77.0% compared to previous guidance to be in the range of 76.0% to 77.0% and adjusted free cash flow to be in the range of $32.0 million to $38.0 million compared to previous guidance to be in the range of $32.0 million to $38.0 million. Tax rate is expected to be approximately 8%, which is down from prior guidance of approximately 11%.