STEADY REVENUE GROWTH, PROFIT HIGHLIGHT RES' FIRST 5 YEARS
By Rich Miller
Carrier Hotels Editor
Posted Jul 14, 2005
SACRAMENTO, California (July 11, 2005) - RagingWire Enterprise Solutions, Inc. (RES), a leading IT outsourcing provider of software as a service and on-demand solutions, today announced the company has averaged 94 percent revenue growth and 256 percent average client growth year-over-year since its inception in 2000. RES also reported that its annual revenues for fiscal year 2005 rose by 32 percent, while its client base increased by 31 percent over the same period.
"It's been a tremendous five years for RES, which has steadily experienced strong revenue increases and client growth despite significantly challenging times in the IT sector," said George Macricostas, CEO of RES. "Providing quality customer service and consistently increasing sales with both new and existing clients has been instrumental in reaching some important corporate milestones that have positioned RES well in the IT outsourcing industry."
RES attained net income last year, as audited by PricewaterhouseCoopers LLP. The milestone was achieved in less than four years of business operations. To support client growth and an increasing demand for highly available and secure IT solutions, RES completed construction of more than 43,000 square feet to its state-of-the-art, Class "A+" Enterprise Data CenterSM. In April, RES surpassed four years of delivering 100 percent availability in power, cooling, and Internet connectivity to its clients, a mark that began in April 2001.
"RES' consistent track record of increasing revenues and exceeding clients' expectations has been the company's blueprint for achieving some remarkable corporate goals in a relatively short period of time," said Yatish Mishra, president and CTO. "RES' success is driven by its proven ability to fully understand its clients' business needs and deliver robust, value-added solutions that enable them to reduce costs and maintain a competitive edge in the global marketplace."
RagingWire Enterprise Solutions provides highly custom and flexible managed services and world-class IT infrastructure solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility that offers "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 companies' mission-critical, back-office IT systems and applications. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com
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