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Article: QSGI Reports 126% Revenue Growth within Data Center Maintenance Division, Along with Record Revenue on 37% Growth within Data Security & Compliance Division for the Fourth Quarter.(Financial report)
- Article from:
- Business Wire
- Article date:
- February 27, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HIGHTSTOWN, N.J. -- QSGI, Inc. (OTCBB: QSGI) the only data security and regulatory compliance provider offering a full suite of life-cycle services for a corporation's entire IT platform, today reported financial results for the fourth quarter ended December 31, 2006.
Fourth Quarter 2006 Financial Highlights (year-over-year):
* Total revenue increased 10% to $12.6 million
-- Data Security & Compliance revenue increased 37% to $6.7
million
-- Data Center Maintenance revenue rose 126% to $1.3 million
-- Data Center Hardware revenue decreased 27% to $4.6 million
* Gross profit increased 12% to $2.4 million, ...