Synchronoss Technologies, Inc. announced that it has expanded its executive team with the appointment of Nick Lazzaro as President of North America. Mr. Lazzaro will be responsible for generating revenue growth and overseeing the North American operations under Robert Garcia, President and Chief Operating Officer. In his senior leadership role he will also support global strategic initiatives with Stephen Waldis, Founder, Chairman and Chief Executive Officer. Nick has twenty years of experience in technology and telecommunications, including executive positions at Vonage and Amdocs. He has a strong track record of building businesses through creating collaborative environments to drive sales, systems delivery and efficient operations. During his tenure at Amdocs, Nick served as Unit President, with P&L responsibility for its business unit, including management of the AT&T relationship. Nick most recently served as Senior Vice President of Product Development, Information Technology and Managing Director Mobile Services at Vonage. In this position, Nick was responsible for the company's technology organization including research and development, and information technology as well as building its emerging software and cloud based mobile business unit.

Synchronoss Technologies, Inc. announced unaudited earnings results for the first quarter ended March 31, 2013. On a GAAP basis, Synchronoss reported net revenues of $78.3 million, representing an increase of 21% compared to $64.6 million reported in the first quarter of 2012. Net income applicable to common stock was $476,000, leading to diluted earnings per share of $0.01, compared to $5.5 million or $0.14 diluted earnings per share for the first quarter of 2012. Income from operations was $201,000 against $8,282,000 a year ago. Loss income before income tax was $203,000 against $8,455,000 a year ago. On a non-GAAP basis, Synchronoss reported net revenues of $79.5 million, an increase of 22% compared to $64.91 million reported the first quarter of 2012. Income from operations was $15.9 million in the first quarter of 2013 against $15.3 million a year ago. Net income was $10.9 million in the first quarter of 2013, compared to $10.1 million in the year ago period. Diluted earnings per share were $0.28 for the first quarter of 2013, compared to $0.26 for the first quarter of 2012.

Synchronoss Technologies, Inc. provided earnings guidance for the second quarter and full year of 2013. For the full year, the company is now targeting total non-GAAP revenues in the range of $335 million to $350 million versus previous guidance of $330 million to $350 million and representing growth of 22% to 27% on a year-over-year basis. The company is continuing to target non-GAAP gross margins in the 60% to 62% range, with quarter-to-quarter variability, and non-GAAP operating margins in the range of 23% to 24%. The company’s non-GAAP EPS guidance range remains at $1.30 to $1.36, assuming a tax rate of approximately 34% and a diluted share count of approximately 40.1 million shares. For the second quarter of 2013, the company is targeting non-GAAP revenues in the range of $82 million to $84 million, which represents year-over-year growth of approximately 22% to 25%. The company is targeting non-GAAP gross margins of 60%, non-GAAP operating margins of between 21% and 22% and non-GAAP EPS of approximately $0.28 to $0.31, assuming a tax rate of 35% and a diluted share count of approximately 40 million shares.