Business

Quadrant 4 1Q revenue grows 33 percent

Posted September 10, 2015 1:00 am

Globe Newswire

SCHAUMBURG - Quadrant 4 System Corp. said revenue for the first quarter of 2015 increased 33 percent over the same period last year as its technology platform business continued to grow in the health care, education and media industries.

Revenue for the quarter was $13.6 million, the social, mobile, analytics and cloud technology company reported. Gross Profit increased 53 percent to $5.3 million, while net income was $86,277, compared to a loss of $504,306 for the First Quarter of 2014

"We are very pleased to say that all of the efforts we have put in to building our business are paying off," said Dhru Desai, Quadrant 4 chairman of the board and chief financial officer, "We are gratified to report another record quarter and feel that the business is well positioned for future growth.

"We will continue to develop our platform technologies which are gaining traction and continue to bring in talented people as we create a world class organization."

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