#CARBONITE ENDPOINT 360 PRICING UPDATE#
#CARBONITE ENDPOINT 360 PRICING FULL#

Operationally, during the quarter, we first enhanced our leadership team. Anthony will spend more time highlighting that and the impact on our financials for the remainder of the year. And while total revenues came in within the range of guidance we provided, we weren't as pleased with the execution on the data protection side of the business.

#CARBONITE ENDPOINT 360 PRICING FULL#

We saw a positive momentum in the security software business with our first full quarter of contribution from Webroot. We did that while driving an adjusted EBITDA margin of 29%. Carbonite posted record revenue in the second quarter with non-GAAP revenue of $135 million, up 69% year-over-year. Turning to the quarter, the entire team at Carbonite has accomplished a lot, including delivering strong financial results. This is real opportunity for Carbonite and should lead to improved operating leverage and cost efficiencies across the business. By tailoring the integration of Carbonite and Webroot, we can be the first to capitalize on this enormous market opportunity, and also believe that there are significant improvements we can make to overcome some of the execution challenges that we've experienced in parts of our data protection business and accelerate our integration plan for Webroot. Customers require integrated and robust data protection solutions to protect all of their critical data, especially at the endpoint, and Carbonite is now uniquely positioned to meet this need. In particular, I believe our strength on the endpoint is a competitive differentiator. There's an unmet need in the market, specifically protecting laptops, desktops, servers and critical information stored in the cloud, ensuring that this data is both secure and always available. With the recent acquisition of Webroot, we have the opportunity to disrupt the data protection and security market. As a result of that, I'm both excited and confident that I can make an immediate impact as interim CEO. I've also been involved with a number of security companies at different phases of growth. From 2005 to 2012, I was the CEO of Sophos, helping to triple the size of the company during my tenure.

I served as an advisor to Absolute Software prior to becoming the interim CEO last year. I spent the past 20 years of my career in the security software space with the majority of that in endpoint security. We thank him for his contribution and wish him the very best in his next chapter.įor those of you who don't know me, I have been on the Carbonite Board since 2014, serving as Chairperson since 2016. He joined as CEO about five years ago and has helped transition this business into what it is today, a leader in data protection and security. Before we get to these points, I wanted to thank Mohamad. First of all, my background and the transition, secondly, comments on the quarter, and thirdly, my priorities moving forward. Today, I would like to share with you three themes.

I appreciate the opportunity to help guide the Company during this transition period while the Board searches for a permanent CEO. I'm really, really pleased to be here and excited to take on the role of interim CEO.

#CARBONITE ENDPOINT 360 PRICING UPDATE#

Actual results may differ materially from any forward-looking statements and the Company undertakes no obligation to revise or update forward-looking statements except as required by law. Forward-looking statements involve a number of risks and uncertainties, including those discussed in the Risk Factors section of our Form 10-K and 10-Q. Expressions of future goals, including financial guidance, outlook, anticipated results and similar items, including without limitation expressions using the terminology may, will, believe, expects, plans, anticipates, and expressions which reflect something other than historical facts are intended to identify forward-looking statements. Any forward-looking statements in this call are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. With me on the call today are Steve Munford, Carbonite's Interim CEO, and Anthony Folger, our CFO. Jeremiah Sisitsky - Vice President of Investor Relations I would now like to turn the conference over to your host, Mr. Good afternoon, ladies and gentlemen, and welcome to the Carbonite Second Quarter 2019 Earnings Results Conference Call.

Carbonite endpoint 360 pricing