![]() Overall, our results were driven by excellent progress and our integration of EVault, strong demand for Carbonite server backup, and segmented marketing of our Carbonite-branded SMB products to small businesses. In Q1, total bookings grew 42%, with SMB bookings growing 124%, and consumer declining 3%, and we delivered strong gross margins and earnings per share that were all well ahead of our expectation. So first I want to say thank you to all of our employees for your hard work. This morning, I will provide some highlights from the quarter, and Anthony will review our financial results, and then I will talk in more detail about how we performed against the objectives we outlined for 2016. Good morning and thank you for joining us to discuss our first quarter results for 2016. With that, I will turn the call over to Mohamad. Also, please note that our webcast and a recording of today's call will be available on our Web site. Reconciliation to the most directly comparable GAAP financial measures can be found in our press release, which is available on our Web site under the Investor Relations section. Carbonite expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements made herein except as required by law.Īll the financial figures discussed today are non-GAAP financial measures, unless it is stated that a measure is a GAAP number. The statements reflecting our current views regarding the future are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.įor a discussion of the material risks and other important factors that could affect our actual results, please reference our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the SEC, which is available on the SEC's Web site, or on our Web site under the Investor Relations section. These statements reflect our views only as of today and should not be relied upon as representing our views as of any subsequent date. Statements include but are not limited to statements regarding guidance on our future financial results and other projections or measures of future performance including in connection with the EVault business, including revenues and growth rates, the company's ability to successfully integrate EVault's business, and the company's expectations regarding its future performance. ![]() Words such as, but not limited to, plan, expect, anticipate, should, believe, target, goal, estimate, may, might, could and similar words will identify forward-looking statements. After prepared remarks, we will open up the call to a question-and-answer session.ĭuring this call, we may make statements related to our business that will contain forward-looking statements under Federal Securities laws. With me on the call today are Mohamad Ali, President and Chief Executive Officer and Anthony Folger, Chief Financial Officer. Good morning and thank you for joining us today to review Carbonite's 2016 first quarter financial results. Emily Walt, Director of Investor Relations. I'd now like to introduce your host for today's conference, Ms. Later, we will conduct a question-and-answer session, and instructions will be given at that time. At this time, all participants are in a listen-only mode. Good day, ladies and gentlemen, and welcome to the Carbonite First Quarter Earnings Results Call. ( NASDAQ: CARB) Q1 2016 Earnings Conference Call 8:30 AM ET
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