Mar, 2002 : NeoSpire Increases Revenue Over 50% in 2001

📅 March 13, 2002 - NeoSpire, Inc. (neospire.net 👉 Total Reviews: 1
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👈 Official Responses: 0 -> closed-2025-hosting.com), a provider of Internetinfrastructure managed services, has announced that 2001 revenues grew bymore than 50% over 2000. Also, cashflow grew by more than 50% over lastyear's cashflow, allowing NeoSpire to reach a cashflow positive positionAugust 2001, the company said.

"These increases in a recessionary environment reflect NeoSpire's reputationin the market place for its value proposition and its commitment to customerservice." Said Derek Wilson, CEO and co-founder. "This past year wasextremely challenging for all business but especially for our industry. Ourgrowth rate shows us that businesses place a high value in using Web-basedapplications for increasing revenue, improving efficiency and taking care oftheir customers."
"I am very proud of our team in that we were able to increase sequentialrevenue growth while cutting operating expenses," said Mitch Gervis,president. "In a very difficulty environment we were able to bring on somevery substantial enterprise customers including CellularOne, the United Way,Brann Forbes and Xerox to name a few. At the same time, we were able toincrease our differentiation in the industry by enhancing our expertise inmanaging the J2EE environment, developing robust disaster recovery solutionsand putting in place our STAR customer support procedures. For the rest ofthe year, we feel that the business environment is improving and we expectcontinued sequential revenue growth and cashflow increases."