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LogMeIn reports rise in quarterly revenue

Boston-based LogMeIn posted year-end results.
2011 file/Globe staff
Boston-based LogMeIn posted year-end results.

LogMeIn Inc., which provides cloud-based connectivity services, said fourth-quarter revenues rose 22 percent. The Boston-based company posted non-GAAP net income of $3.9 million, or 16 cents per share, excluding some expenses. This compares to non-GAAP net income of $6 million, or 24 cents per share, a year earlier. GAAP net loss for the quarter was $459,000, or 2 cents per share, vs. GAAP net income of $2.2 million, or 9 cents, in the same period a year earlier.

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