Earnings Call Summary | Synchronoss Technologies(SNCR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Synchronoss Technologies(SNCR.US) Q1 2024 Earnings Conference
The following is a summary of the Synchronoss Technologies, Inc. (SNCR) Q1 2024 Earnings Call Transcript:
以下是Synchronoss Technologies, Inc.（SNCR）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Synchronoss Technologies reported Q1 revenue of $43 million, with 91% being recurring, and is on pace for its annual financial targets.
The company improved its gross margins to 76% from 74% year-over-year.
Adjusted EBITDA rose 78% from last year, totaling $10.9 million this quarter, largely due to its transition to a cloud-only business model.
Net income and earnings per share stood at $2.3 million and $0.23,respectively, for Q1.
The company projects at least $10 million in free cash flow in 2024 and expects 2025 to be even better.
Synchronoss Technologies报告称，第一季度收入为4,300万美元，其中91％是经常性收入，并且有望实现其年度财务目标。
该公司的毛利率从同比的74％提高到76％。
调整后的息税折旧摊销前利润比去年增长了78％，本季度总额为1,090万美元，这主要是由于其向纯云业务模式的过渡。
第一季度净收入和每股收益分别为230万美元和0.23美元。
该公司预计，2024年至少有1000万美元的自由现金流，并预计2025年会更好。
Business Progress:
业务进展：
Synchronoss continued its transition into a global cloud solutions provider, focusing on high-margin personal cloud services.
Cloud subscribers increased by 7% and relationships with Verizon, AT&T, and SoftBank continue to be central to growth and subscriber acquisition.
A long-term contract with Verizon ensures 75% of total revenues come from contracts of at least four years.
Synchronoss is expanding its role with SoftBank, driving cloud subscriber growth.
Technological enhancements were announced like auto scaling, which adjusts the capacity of the personal cloud platform according to varying demands.
Synchronoss launched enhanced plans within its Personal Cloud Platform to allow telecom operators to offer tiered service models and foster subscriber growth and customer retention.
Synchronoss继续向全球云解决方案提供商过渡，专注于高利润的个人云服务。
云用户增长了7％，与Verizon、AT＆T和软银的关系仍然是增长和订户获取的核心。
与Verizon签订的长期合同可确保总收入的75％来自至少四年的合同。
Synchronoss正在扩大其在软银的作用，推动云用户的增长。
宣布了诸如自动缩放之类的技术增强功能，它可以根据不同的需求调整个人云平台的容量。
Synchronoss在其个人云平台内推出了增强计划，允许电信运营商提供分层服务模式，促进用户增长和客户留存率。
More details: Synchronoss Technologies IR
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