N-able, Inc. announced its financial results for the third quarter ended September 30, 2024, on November 7, 2024. The company reported a net income of $10.8 million, translating to $0.06 per share, with adjusted earnings reaching $0.13 per share.
Revenue for the quarter stood at $116.4 million, surpassing analyst estimates. This performance indicates continued demand for N-able's cloud-based software services, which include remote monitoring and management, data protection, and security solutions.
For the fourth quarter of 2024, N-able provided revenue guidance in the range of $111.5 million to $113 million. The full-year 2024 revenue is projected to be between $461.2 million and $462.7 million, reflecting management's expectations for continued growth.
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