Revenue during the quarter grew 15.62 percent to $87.96 million from $76.08 million in the previous year period. Gross margin for the quarter expanded 55 basis points over the previous year period to 87.06 percent. Total expenses were 97.74 percent of quarterly revenues, up from 91.30 percent for the same period last year. That has resulted in a contraction of 644 basis points in operating margin to 2.26 percent.

Operating income for the quarter was $1.99 million, compared with $6.62 million in the previous year period.

However, the adjusted operating income for the quarter stood at $23.81 million compared to $18.38 million in the prior year period. At the same time, adjusted operating margin improved 290 basis points in the quarter to 27.06 percent from 24.16 percent in the last year period.

"We had a very good fourth quarter and ended the year on a high note, as we delivered revenue, adjusted EBITDA, and non-GAAP earnings per share that all exceeded the high-end of our guidance. This strong finish only adds to our confidence as we enter an exciting new chapter for LogMeIn, and set out to build what we believe will be a unique new profile amongst cloud and SaaS leaders," said Bill Wagner, president and chief executive officer of LogMeIn. "As we look to 2017, our focus is on making the integration of LogMeIn and GoTo a success, laying the foundation for a company we believe over the long term can achieve 10 percent annual revenue growth, 40 percent adjusted EBITDA margins, and 30 percent cash flow margins. This unique financial profile also allows us to make a commitment to a meaningful return of capital to our shareholders." continued Wagner.

For fiscal year 2017, LogMeIn, Inc. forecasts revenue to be in the range of $968 million to $978 million and adjusted revenue to be in the range of $1,000 million to $1,010 million. The company expects adjusted net income to be in the range of $190 million to $199 million. It company expects diluted loss per share to be in the range of negative $0.10 to $0.06. It company expects diluted earnings per share to be in the range of $3.64 to $3.82 on adjusted basis.

For the first-quarter 2017, LogMeIn, Inc. forecasts revenue to be in the range of $183 million to $185 million and adjusted revenue to be in the range of $196 million to $198 million. The company projects net loss to be in the range of $23 million to $21 million and adjusted net income to be in the range of $32 million to $34 million. It company expects diluted loss per share to be in the range of $0.54 to $0.48.On an adjusted basis, the company expects diluted earnings per share to be in the range of $0.72 to $0.76.

Operating cash flow improves
LogMeIn, Inc. has generated cash of $92.32 million from operating activities during the year, up 7.63 percent or $6.55 million, when compared with the last year.

Cash flow from investing activities was $7.46 million from investing activities during the year as against cash outgo of $107.97 million in the last year.

The company has spent $79.45 million cash to carry out financing activities during the year as against cash inflow of $49.59 million in the last year period.

Cash and cash equivalents stood at $140.76 million as on Dec. 31, 2016, up 14.30 percent or $17.61 million from $123.14 million on Dec. 31, 2015.

Working capital drops significantly
LogMeIn, Inc. has witnessed a decline in the working capital over the last year. It stood at $21.23 million as at Dec. 31, 2016, down 64.70 percent or $38.91 million from $60.14 million on Dec. 31, 2015. Current ratio was at 1.10 as on Dec. 31, 2016, down from 1.34 on Dec. 31, 2015.