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Inflow-San Diego Reports Exceptional Bookings & EBITDA Growth in Q3 |
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SAN DIEGO--(BUSINESS WIRE)--Nov. 1, 2004--Today, Inflow-San Diego, a leading provider of outsourced technology services, announced it reached record Bookings & EBITDA Performance in the third quarter.
The Internet Data Center (IDC) achieved an increase of 262% in new revenue bookings in Q304 as compared to Q303. Additionally, the IDC brought in nearly $85,000 in monthly recurring revenue (MRR) in the first three quarters of 2004, as compared to just over $44,000 MRR for the same quarters last year.
Inflow-San Diego has also posted an EBITDA increase (earnings before interest, tax, depreciation and amortization) of nearly 400% in Q304 as compared to third quarter last year, which marks record performance for the IDC. EBITDA is a general metric of health of a business's day-to-day operations, exclusive of any capital investments made to support those operations. Inflow-San Diego's EBITDA excludes corporate overhead not allocated to individual markets.
"The California team is firing on all cylinders, not only by growing our client base with Fortune 1000 accounts, but also by taking great care of our existing clients," said Tony Medrano, general manager for Inflow-San Diego. "Our performance is directly correlated to the quality of our operations and sales teams. We look forward to even greater achievements in Q4 as we are well on track for another record quarter."
Inflow-San Diego currently has 65 customers, many of which are Fortune 1000 companies in Los Angeles and the Bay Area, and is on the path to achieve $3.5M in revenues this year.
About Inflow
Inflow, Inc. was founded in 1997 and is headquartered in Denver, Colorado. Inflow is an ISO 9001:2000 certified provider currently serving more than 950 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 reliable, secure, scalable and cost-effective outsourcing solutions. Core services are offered within Inflow's three primary lines of business: Application and Infrastructure Management, Business Continuance/Disaster Recovery, and IT Consulting. Inflow's solutions help customers increase revenues, decrease costs, and enhance productivity. For more information on Inflow, please visit www.inflow.com or call 877-2INFLOW. For more information on Inflow-San Diego, please contact Tony Medrano at 858-8912-5330 or tmedrano@inflow.com.
CONTACT: Inflow, Inc.
Jill Farrand, 720-932-5813
jfarrand@inflow.com
or
Local Contact:
Tony Medrano, 858-812-5330
tmedrano@inflow.com |
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