Syniverse Holdings Inc. (SVR) reported net income of $20.4 million, or $0.30 per share for the second quarter, up from $11.69 million, or $0.17 per share a year ago.
Cash net income, a non-GAAP financial measure, was $28.4 million, or $0.42 per share for quarter, a 58.9% increase compared to $17.86 million, or $0.26 per share in the second quarter 2007.
Analysts polled by First Call/Thomson Financial expected the company to earn $0.37 per share for the quarter.
Quarterly revenues rose 39.7% to $127.6 million from $91.37 million in the prior-year period, and came in above the Street estimate of $117.18 million. The company revised guidance for fiscal 2008 and now expects net income in the range of $69 million to $74 million on revenues of $485 million to $495 million. Cash net income is expected between $105 million to $110 million. Analysts are looking for earnings of $1.48 on revenues of $467.27 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.