Reuters logo
BRIEF-Synchronoss announces management changes
April 27, 2017 / 12:48 PM / 7 months ago

BRIEF-Synchronoss announces management changes

April 27 (Reuters) - Synchronoss Technologies Inc

* Synchronoss announces management changes

* Says Lawrence Irving named Chief Financial Officer

* Says founder and chairman Stephen Waldis to reassume CEO role, effective immediately

* Ssays Ronald Hovsepian and John Frederick step down as CEO and CFO

* Synchronoss Technologies expects total Q1 2017 revenue to be $13 million to $14 million less than company’s previously announced guidance

* Q1 operating margins are expected to be 8% to 10%, which are less than previously announced guidance

* John Frederick, who served as cfo prior to Irving’s appointment, will be leaving to pursue other interests

* Says “disappointed” with Q1 performance following acquisition of Intralinks

* Says in view of company’s performance in Q1, expect this will impact our full year guidance

* Says “we are disappointed with our q1 performance ”Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below