This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

InterCloud Systems Reports First Quarter 2014 Results

Revenue Increased 25% Year-Over-Year to $14.1 Million; Gross Profit Increased 33% to $3.9 Million

Net Income $6.7 Million

SHREWSBURY, N.J., May 15, 2014 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (Nasdaq:ICLD), a single source provider of end-to-end IT technology and next-generation network solutions to the service provider and corporate enterprise markets through professional services and cloud platforms, today reported financial results for the first quarter ended March 31, 2014.

InterCloud reported first quarter 2014 revenues of $14.1 million and net income of $6.7 million. Basic Earnings per share for the first quarter ended March 31, 2014 was $0.70 per share. On a fully diluted basis, excluding any derivative gains, the loss per share was ($1.52).

The $14.1 million in gross revenues for InterCloud was contributed by our three reporting segments: Cloud and Managed Services; Applications and Infrastructure; and Professional Services; Our Cloud and Managed Services revenue totaled $5.3 million; Applications and Infrastructure revenue totaled $3.9 million; and Professional Services revenue totaled $4.9 million for the quarter.

Mark Munro, Chairman and CEO of InterCloud, stated, "Our first quarter results reflect the integration of our recently completed IPC-NY and RentVM acquisitions. InterCloud now offers a broad range of professional engineering and IT services, as well as cloud and managed services, which was our largest segment of operational revenues for the first quarter."

Mr. Munro continued, "We are experiencing significant growth opportunities across our segments as we continue to cross sell and take advantage of our end-to-end solutions capabilities.  As we grow, our corporate cost of operations will become a smaller percentage of our revenues.   We are very excited about the future for InterCloud."

First Quarter 2014 Financial Results

Revenue for the first quarter ended March 31, 2014 increased by $2.8 million, or 25%, to $14.0 million, as compared to $11.2 million for the first quarter of 2013.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.27 -0.76%
FB $101.00 1.47%
GOOG $684.12 0.89%
TSLA $143.67 -3.09%
YHOO $27.10 1.04%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs