Intercloud Systems, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 19, 2018 at 05:31 pm EST
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InterCloud Systems, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 1.437 million compared to USD 3.169 million a year ago. Operating loss was USD 788,000 compared to USD 1.118 million a year ago. Net income was USD 1.515 million compared to net loss of USD 5.498 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 1.26 a year ago. Basic earnings per share was USD 0.01 compared to basic loss per share of USD 1.28 a year ago. Diluted eps - continuing operations was USD 0 compared to diluted loss per share from continuing operations of USD 1.26 a year ago. Diluted eps was USD 0 compared to diluted loss per share of USD 1.28 a year ago. For the nine months, sales was USD 7.659 million compared to USD 9.332 million a year ago. Operating loss was USD 1.632 million compared to USD 6.861 million a year ago. Net income was USD 1.507 million compared to net loss of USD 31.678 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 18.74 a year ago. Basic earnings per share was USD 0.02 compared to basic loss per share of USD 21.51 a year ago. Diluted eps - continuing operations was USD 0 compared to diluted loss per share from continuing operations of USD 18.74 a year ago. Diluted eps was USD 0 compared to diluted loss per share of USD 21.51 a year ago.
InterCloud Systems, Inc. is a provider of networking orchestration and automation for the Internet of things (IoT), software-defined networking (SDN) and network function virtualization (NFV) environments to the telecommunications service provider (carrier) and corporate enterprise markets. The Companyâs managed services solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing cloud deployment and management. Its professional services group offers SDN solutions to enterprise and service provider customers, including application development teams, analytics and project management. The Companyâs applications and infrastructure division offers enterprise and service provider customers specialty contracting services, including engineering, design, installation and maintenance services of some of the advanced small cell, wireless fidelity (Wi-Fi) and distributed antenna system (DAS) networks.