N-able, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 07:00 am EST
Share
N-able, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 6.01 million compared to USD 0.294 million a year ago. Basic earnings per share from continuing operations was USD 0.03. Diluted earnings per share from continuing operations was USD 0.03.
For the nine months, net income was USD 14.06 million compared to USD 9.72 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.05 a year ago.
N-able, Inc. is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises (SMEs). The Companyâs platform consists of three core solution categories: remote monitoring and management, security solutions, and data protection as-a-service. Its remote monitoring and management capabilities include real-time availability and performance of networks and devices and automation of policies and workflows. The Company provides a layered security approach spanning network and systems infrastructure, applications, and end user devices through its data protection, patch management, endpoint security, web protection, e-mail security and archiving and vulnerability assessment solutions. The Company also provides cloud-based remote monitoring and management, security solutions, and data protection as-a-service that are integrated within its technology platform.