Synchronoss Technologies revenues up 28% for year

Synchronoss Technologies, Inc. (NASDAQ: SNCR) said that on a GAAP basis, revenues for the full year 2013 were USD349.0m, an increase of 28% compared to USD273.7m in the prior year.

Gross profit was USD202.8m, income from operations was USD34.9m and net income was USD23.4m, leading to full year 2013 diluted earnings per share of USD0.58.

On a Non-GAAP basis, revenues for the full year 2013 were USD352.5m, an increase of 28% compared to USD275.2m in 2012.

Gross profit was USD212.0m, representing a gross margin of 60%, and income from operations was USD81.5m, representing an operating margin of 23%. Net income was USD53.1m for the full year 2013, leading to diluted earnings per share of USD1.33, an increase of 21% from USD1.10 in the prior year.

Synchronoss Technologies is a mobile innovation leader that provides cloud solutions and software-based activation for connected devices across the globe. Its website is at www.synchronoss.com

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