Synchronoss Technologies(SNCR) - 2023 Q2 - Earnings Call Transcript

Invoiced Cloud revenue increased 24% year-over-year to $46.4 million in the second quarter. On a trailing 12- month basis, Invoiced Cloud revenue increased 13.1% from the comparable period. The results were driven by professional service contributions related to an upcoming new customer launch and a onetime favorable subscriber adjustment. Removing the impact of the subscriber adjustment, Invoiced Cloud revenue increased 15.4% compared to the prior year period. Gross profit decreased 12% to $31.4 million or ...