Santeon Group, Inc. Reports Earnings Results for the Second Quarter and Cash Flow Results for the Six Months Ended June 30, 2013
August 16, 2013 at 06:17 am EDT
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Santeon Group, Inc. reported earnings results for the second quarter and cash flow results for the six months ended June 30, 2013. For the quarter, revenue increased 46.3% over the second quarter 2012 from $926,643 to $1,355,614 for the second quarter 2013. Adjusted EBITDA was $73,931, or 5.5% of revenue, for the second quarter 2013, compared to $18,292, or 2.0% of revenue, for the second quarter 2012. Net loss was $4,712, or $0.00 per diluted share, for the second quarter 2013 compared to net income of $1,232, or $0.00 per diluted share, for the second quarter 2012.
For the six months, generated cash from operating activities was $83,425.
Santeon Group Inc. is a diversified software development and services company. The Company is involved in the development of software to facilitate business process management (BPM) and document management for the healthcare, environmental/energy, and media sectors. Its BPM focuses on assembling together available data and logic from disparate applications, ensuring organizations can access the information they need when they need it in an organized process flow, without having to centralize the data or develop new applications. It specializes in optimizing both public and private sectors through its offering of training, consulting, coaching, software development outsourcing, and business process automation and optimization. It offers a range of services, such as data services, engineering services, software development, and agile training. It provides a complete suite of agile training courses designed to provide practical know-how and build individual and team capability.
SANTEON GROUP, INC. 
