Intercloud Syst (ICLD) Reports Q1 Loss of $1.52/Share

Intercloud Syst (NASDAQ: ICLD) reported Q1 EPS of ($1.52), versus ($0.50) reported last year. Revenue for the quarter came in at $14.1 million, versus $11.2 million reported last year.

Mark Munro, Chairman and CEO of InterCloud, stated, "Our first quarter results reflect the integration of our recently completed IPC-NY and RentVM acquisitions. InterCloud now offers a broad range of professional engineering and IT services, as well as cloud and managed services, which was our largest segment of operational revenues for the first quarter."

Mr. Munro continued, "We are experiencing significant growth opportunities across our segments as we continue to cross sell and take advantage of our end-to-end solutions capabilities. As we grow, our corporate cost of operations will become a smaller percentage of our revenues. We are very excited about the future for InterCloud."

For earnings history and earnings-related data on Intercloud Syst (ICLD) click here.

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