Inflow Reaches First $5M Revenue Month
Leading IT Outsourcer Also Reports Other Key Milestones
Denver, CO -- Today, Inflow, a leading provider of outsourced technology services, announced it has achieved above-plan performance in first quarter 2004 and predicts a continued fast pace for growth.
Inflow Reaches First $5M Revenue Month in March
For the first time, Inflow reached over $5M of revenue in one month. Inflow's total revenue for March was $5.14M, substantially ahead of projections for 2004. Q403 to Q104 revenue grew by over 9%.
"We are extremely proud of this accomplishment. It signifies we are successfully providing high quality service to our existing customers and growing our base of new customers," said Mark Hughes, chief financial officer for Inflow. "Like the rebounding technology sector that we support, we have continued to grow and remain focused on achieving greater revenue goals."
EBITDA Exceeds First Quarter Plan
Inflow's first quarter EBITDA was $1.75M, also significantly ahead of 2004 projections. "Based on current trends, we're confident our earnings will exceed our 2004 goals," said Hughes.
Inflow's Quality Management System, Corporate location and all 13 Internet Data Center (IDC) facilities are certified to ISO 9001:2000.
Less than 1% of U.S. companies are ISO 9001:2000 certified, and Inflow is one of a handful of companies in its industry to obtain this certification. Achieving ISO 9001:2000 certification signifies that a company provides unmatched quality in its provision of products and services on a continual basis. Inflow will undergo regular reviews to obtain continued re-certification.
Customer and Employee Growth
As compared to 830 customers at the end of 2003, Inflow now serves more than 900 customers. To support its growth, Inflow projects to grow its overall staff 10% by year's end.
Inflow, Inc. was founded in 1997 and is headquartered in Denver, Colorado. Inflow is an ISO 9001:2000 certified provider currently serving over 900 customers from its network of 13 data centers across the United States. Leveraging its expertise in application, network and datacenter management, the company is able to deliver the most reliable, secure, scalable and cost-effective outsourcing solutions available. Core services are offered within Inflow's three primary lines of business: Application & Infrastructure Management, Business Continuance/Disaster Recovery, and IT Professional Services. Inflow's solutions help customers increase revenues, decrease costs and enhance productivity.
For additional information and IDC locations, please visit www.inflow.com or call 877-321-2464. For more information on Inflow's company performance, please call Mark Hughes at 303-942-3303.