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by Angsuman Chakraborty.
Original Post: Synchronoss 1Q profit rises, beating analyst expectations
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Synchronoss 1Q profit rises
BRIDGEWATER, N.J. â Synchronoss Technologies Inc., which provides transaction management software for communication companies, said Monday that its first-quarter profit rose 30 percent. The results were ahead of analyst expectations.
Synchronoss shares rose $1.97, or 9.9 percent, to $21.95 in after-hours trading. The stock had finished regular trading down 45 cents at $19.98.
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