InterCloud Systems (NASDAQ: ICLD) reported Q3 EPS of ($0.11), $0.21 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $21.7 million versus the consensus estimate of $24.4 million.

Mark Munro, Chairman and CEO of InterCloud, stated, “We are very pleased to report that year to date, InterCloud’s revenue has grown 25% over the same period in 2014. In addition to revenue growth, and equally important, we have increased our year to date gross profit margins to over 33% from 29% for the same period in 2014. Our goal is to continue to grow our business and focus on expanding our gross margins as we sell higher margin cloud services. InterCloud has some exciting new cloud products and services that will help us achieve those goals. Our near term and long term outlook is very positive and we look forward to ramping up our portfolio of recurring revenue. InterCloud is positioned competitively with a robust private cloud portfolio of services, an industry leading software development team, and an aggressive sales and engineering group that will ultimately help us achieve our goals and objectives of being a market leader in cloud networking orchestration and automation solutions to enterprise and service provider markets.”

For earnings history and earnings-related data on InterCloud Systems (ICLD) click here.