SHREWSBURY, N.J., Aug. 21, 2015 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company or "InterCloud") (Nasdaq:ICLD), a leading provider of cloud orchestration, hosting and automation solutions and services, announced today that it continues to see an influx of new purchase orders and long term contracts across its business segments. The backlog of business is now at an all-time high of over $38 Million.
Chairman and CEO Mark Munro stated, "I recently discussed our second quarter financial results on the conference call last Wednesday and I highlighted how InterCloud beat earnings estimates, grew 35% for the first half of 2015 over 2014, produced over $1M of adjusted ebitda, and continued our growth in product development and added new large enterprise and service provider customers. Now we are announcing our growing backlog and sales pipeline. These important business metrics provide InterCloud a solid foundation for future success. We look forward to an exciting second half of 2015."
Mark Munro added, "We look forward to continued success with our clients throughout 2015 and beyond as the technology landscape continues to move to Software Defined Networks (SDN) and Network Function Virtualization (NFV)."
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a leading provider of cloud networking orchestration and automation, for Software Defined Networking (SDN) and Network Function Virtualization (NFV) cloud environments to the communications service provider and corporate enterprise markets, through cloud solutions and professional services. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
CONTACT: Investor Relations InterCloud Systems, Inc. 561-988-1988
Source:InterCloud Systems, Inc.