N-able, Inc. (NABL) Tops Q1 EPS by 2c, provides guidance

N-able, Inc. (NYSE: NABL) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $113.7 million versus the consensus estimate of $111.43 million.

GUIDANCE:

N-able, Inc. sees Q2 2024 revenue of $116.5-117 million, versus the consensus of $115.2 million.

representing approximately 10% year-over-year growth, or 10% to 11% growth on a constant currency basis.
Adjusted EBITDA in the range of $41.0 to $41.5 million, representing approximately 35% of total revenue.

Financial Outlook for Full-Year 2024

N-able management currently expects to achieve the following results for the full-year 2024:

Total revenue in the range of $462.0 to $465.0 million, versus the consensus of $463.5 million, representing approximately 10% year-over-year growth, or 10% to 11% growth on a constant currency basis.
Adjusted EBITDA in the range of $162.0 to $165.0 million, representing approximately 35% of total revenue.

For earnings history and earnings-related data on N-able, Inc. (NABL) click here.

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