Carbonite Earnings: Small Business Cloud Backup Demand Accelerates

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http://www.thevarguy.com – Carbonite (NASDAQ: CARB), which offers cloud backup solutions to consumers and small businesses, said Q2 2012 revenue jumped 37 percent to $23.7 million. Gross margins rose and the company’s net loss shrunk. The growth comes as Carbonite continues to expand and accelerate its channel partner program, which is attracting resellers and VARs that want recurring revenue opportunities. Here’s the background, including perspectives from CEO David Friend. Carbonite’s earnings (excluding non-recurring items) beat Wall Street’s expectations, and guidance for Q1 2013 is in line (IT news)