SCHAUMBURG, Ill., Aug. 24, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (QFOR) ("Quadrant 4" or the "Company") which provides state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (qHIX), Media (qBLITZ) and Education (qEDX) reports record earnings for the fiscal year ending December 31, 2014.
Fiscal Year 2014 Highlights
- Revenue Increased 30% year over year to $48.5 Million
- Gross Profit Increased 51% year over year to $17.6 Million
- Gross Margin Percentage improved to 36% from 31% year over year
- EBITDA Increased 48% to $6.5 Million
Dhru Desai, Quadrant 4's Executive Chairman, stated, "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. 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 (PaaS) and Software-as-a-Service (SaaS) products. Our ability to provide SMAC based digital platform technology has been a transformative event and will have a significantly positive affect on revenue growth and margins. Going forward, we will continue to make strategic acquisitions to enhance our verticals and our overall technology base. Our entire team will continue to concentrate all of its efforts on making 2015 another record setting year."
Mr. Desai, added, "We are positioning the company to take advantage of the enormous disruptions people are witnessing. Both the regulatory environment and new market forces are resulting in an evolutionary new landscape in healthcare, media and the education sectors. The Company's Social Mobile Analytics and Clouds (SMAC) Technologies have made it possible to create exchange portals that build digital communities tied around very specific aspects of our vertical markets. Our goal is to provide a platform and build an ecosystem to all stake holders that brings efficiencies with developing new business models; realigning distribution channels; and makes intelligent decisions as to what members/consumers need in these extremely critical yet basic needs – health, wellness and education."
Quadrant 4 will be hosting a call with its shareholders and the investment community to discuss the company's financial performance and provide a business update on Tuesday, August 25, 2015 at 10 AM EDT. The Company's 10-K has been filed with the SEC and is available both on the SEC and the Company's web site, www.qfor.com.
To participate on the conference call, please dial (888) 317-6003 from the U.S. or (412) 317-6061 from outside the U.S and enter conference ID #:7173279. Please dial in 15 minutes early. Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of Quadrant 4's website at www.qfor.com. Beginning one hour after the call ends, an archive of the webcast will be available for 90 days at www.qfor.com.
About Quadrant 4 System Corporation
Quadrant 4 System Corporation is a SMAC (Social, Mobile, Analytics and Cloud) technology company offering state-of-the art SaaS (Software as a Service) and PaaS (Platform as a Service) based Exchange Solutions in Healthcare (qHIX), Media (qBLITZ) and Education (qEDX). Quadrant 4's highly scalable vertical cloud platforms coupled with our Global Professional Services organization provide our clients with a competitive advantage in the marketplace. Please visit www.qfor.com for more information.
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
CONTACT: Raymond A. Catroppa, CFA firstname.lastname@example.org +1 (917) 363-1448
Source:Quadrant 4 System Corporation