SCHAUMBURG, Ill., Sept. 10, 2015 (GLOBE NEWSWIRE) -- Quadrant 4 System Corporation (Pink Sheets:QFOR) ("Quadrant 4" or the "Company") reports its financial results for the first quarter ended March 31, 2015. First Quarter 2015 Financial Highlights:
- Revenue increased 33% year-over-year to $13.6 Million
- Gross Profit increased 53% year-over-year to $5.3 Million
- EBITDA Increased 58% to $1.9 Million for the First Quarter of 2015 from $1.2 Million in the First Quarter of 2015
- Net Income was $86,277 for the First Quarter of 2015 versus a loss of $504,306 for the First Quarter of 2014
Dhru Desai, Chairman of the Board and Chief Financial Officer, stated, "We are very pleased to say that all of the efforts we have put in to building our business are paying off. 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."
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 (qEDU). 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 Quadrant 4 System Corporation +1 (917) 363-1448
Source:Quadrant 4 System Corporation