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Endurance International Group Reports 2020 Second Quarter Results and Announces the Acquisition of Retention Science

Written by Customer Service on . Posted in Public Companies.

 
GAAP revenue of $274.0 millionNet income of $4.6 millionAdjusted EBITDA of $84.0 millionCash flow from operations of $67.8 millionFree cash flow of $55.9 million Total subscribers on platform were approximately 4.877 million at June 30, 2020BURLINGTON, Mass., July 30, 2020 (GLOBE NEWSWIRE) — Endurance International Group Holdings, Inc. (NASDAQ: EIGI), a leading provider of cloud-based platform solutions designed to help small and medium-sized businesses succeed online, today reported financial results for its second quarter ended June 30, 2020.“Against a backdrop of significant macro-economic disruption due to the COVID-19 pandemic, we are encouraged by the resilience of small businesses and their drive to adapt.  As we noted in our preliminary update two weeks ago, we see secular demand for our products and services and are pleased with our subscriber additions and revenue growth,” commented Jeffrey H. Fox, president and chief executive officer of Endurance International Group.“As we execute the second half of 2020, we remain focused on investments that we believe will increase the value we deliver to our customers, including an expanded solution set.  As such, we are pleased to announce that we signed an agreement to acquire Retention Science, an AI-driven provider of e-commerce email marketing services.”Retention Science Acquisition

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