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LogMeIn posts gain in fourth quarter

LogMeIn’s board approved a share buyback program.

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LogMeIn’s board approved a share buyback program.

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LogMeIn Inc. reported fourth-quarter income of $2.2 million, or 9 cents per share, vs. $2 million, or 8 cents, a year earlier. The Woburn company, which provides cloud-based computer services, said full-year net income was $3.6 million, or 14 cents per share, compared with $5.8 million, or 23 cents, in fiscal 2011. It expects non-GAAP net income of $2.2 million to $2.6 million, or 9 to 10 cents per share, in the first quarter. Its board approved a $25 million share repurchase program.

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