InterCloud announces new business backlog at all-time high

Emily Bader//August 21, 2015//

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Shrewsbury-based InterCould Systems Inc. announced Friday that it continues to see an influx of new purchase orders and contracts across its business segments. Its backlog of business is currently over $38 million.”I recently discussed our second quarter financial results on the conference call last Wednesday and I highlighted how InterCloud beat earnings estimates, grew 35% for the first half of 2015 over 2014, produced over $1M of adjusted ebitda, and continued our growth in product development and added new large enterprise and service provider customers. Now we are announcing our growing backlog and sales pipeline. These important business metrics provide InterCloud a solid foundation for future success. We look forward to an exciting second half of 2015,” Mark Munro, chairman and CEO, said in a prepared statement.

“We look forward to continued success with our clients throughout 2015 and beyond as the technology landscape continues to move to Software Defined Networks and Network Function Virtualization,” he said.