Quadrant 4 sees 2014 revenues jump 30 percent

Globe Newswire

SCHAUMBURG - Quadrant 4 System Corp. reported revenue for fiscal year 2014 increase 30 percent over the previous year as the company continued to build its client base and invest in new technologies.

The software systems developer for the health care, media and education industries reported revenue of $48.5 million for the year. Gross profit increased 51 percent year over year to $17.6 million, while gross margin percentage improved to 36 percent from 31 percent year over year

"2014 has been a pivotal year for us. We have completed another record setting year and continue to partner with some of the best known companies in America," said Quadrant 4 Executive Chairman Dhru Desai. "We have focused on managing our assets and personnel more efficiently which can be seen in our gross margin improvement.

"Our sales efforts are delivering substantial top line growth and creating long term partnerships. Most importantly, our investments in technology and personnel have positioned the company to become a significant provider of cloud based Platform-as-s-Service and Software-as-a-Service products," Desai added.

Desai noted the company is positioning itself to take advantage of major changes being seen in the industries they serve.

"The company's Social Mobile Analytics and Clouds technologies have made it possible to create exchange portals that build digital communities tied around very specific aspects of our vertical markets," he said. "Our goal is to provide a platform and build an ecosystem to all stake holders that brings efficiencies with developing new business models."