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Synchronoss halves net loss despite lower revenues in Q1

Monday 11 May 2020 | 14:54 CET | News
Synchronoss Technologies more than halved its net loss in the first quarter, despite revenues going lower amid the covid-19 pandemic. CEO Glenn Lurie said the company was able to deliver a solid quarter thanks to new business wins last year and early this year. The company was also able to quickly launch three new cloud customers in the quarter, including AT&T, TracFone and Assurant, and continued with its US Advanced Messaging initiative with AT&T, Sprint, T-Mobile US and Verizon. Finally, there was strong momentum for the company's Digital and IoT platforms worldwide.

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Categories: Mobile & Wireless
Companies: Synchronoss Technologies
Countries: World
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