N-able reports Q3 EPS 13c, consensus 10c

Reports Q3 revenue $116.4M, consensus $114.87M… Reports TTM Dollar Based Net Revenue Retention Rate of 105%… Updates Mid-Point of Full-Year 2024 Revenue Outlook to $462M. “IT keeps businesses running and our software helps keep IT systems running and secure for small and medium sized enterprises and MSPs across the globe,” said N-able (NABL) president and CEO John Pagliuca. “We made considerable progress during the quarter as our product development and go-to-market engines continued to deliver the resiliency and efficiency our customers need. We aim to continue building on this progress as we close out the year.” “Our outperformance against our quarterly revenue and adjusted EBITDA guidance reflects our commitment to our mission and our execution,” added N-able CFO Tim O’Brien. “We are confident that delivering resiliency and efficiency to our customers is a winning value proposition, and we continue to make investments that drive these outcomes, positioning our customers and N-able to grow.” Third quarter 2024 financial highlights: Total revenue of $116.4 million, representing 8.3% year-over-year growth, or 7.3% year-over-year growth on a constant currency basis