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

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

InterCloud Systems Reports First Quarter 2014 Results

May 15, 2014 7:06 PM EDT

Revenue Increased 25% Year-Over-Year to $14.1 Million; Gross Profit Increased 33% to $3.9 Million

Net Income $6.7 Million

SHREWSBURY, N.J., May 15, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (Nasdaq: ICLD), a single source provider of end-to-end IT technology and next-generation network solutions to the service provider and corporate enterprise markets through professional services and cloud platforms, today reported financial results for the first quarter ended March 31, 2014.

InterCloud reported first quarter 2014 revenues of $14.1 million and net income of $6.7 million. Basic Earnings per share for the first quarter ended March 31, 2014 was $0.70 per share.... More