InterCloud Systems Awarded New Contracts Valued at Over $2 Million
INTERCLOUD SYSTEMS (ICLD)
US:NASDAQ Investor Relations:
intercloudsys.com
Company Research
Source: GlobeNewswire
SHREWSBURY, N.J., June 09, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that it was recently awarded over $2 million in new contracts for professional services for new and existing customers. A majority of the work is expected to begin immediately. Mark Munro, CEO of InterCloud Systems stated, “Over the last six months, we have divested ourselves of non-core assets and strengthened our balance sheet. The Company’s remaining assets produced over $52 million in revenue during 2016. In addition to our divestments, we have significantly reduced our operating expenses with the goal of operating on a cash flow positive basis." Mark Munro added, “Notwithstanding these divestments and cost-cutting measures, we are continuing to drive revenue through our remaining subsidiaries and develop partnerships for our NFVgrid platform. As we
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