InterCloud Systems Reports Third Quarter 2017 Results
INTERCLOUD SYSTEMS (ICLD)
US:NASDAQ Investor Relations:
intercloudsys.com
Company Research
Source: GlobeNewswire
ICLD streamlines operationsSalaries and Wages decline 54% 3Q 2017 vs. 3Q 2016Selling, General and Administrative Expenses decline 64% 3Q 2017 vs. 3Q 2016 SHREWSBURY, N.J., Nov. 16, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTCQB:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today reported financial results for the third quarter of 2017. Mark Munro, Chairman and CEO of InterCloud, stated, “The financial results reflect our continued elimination and restructuring of debt; the reduction of expenses and the overall strengthening of the Company’s balance sheet. We are hoping that through these efforts we can restore shareholder value in the future.” 3rd Quarter Financial Highlights: Revenue for the third quarter ended June 30, 2017 decreased $9.6 million, or 49%, to $10.0 million, as compared to $19.6 million for the third quarter of 2016. This was the result of subsidiaries disposed of duri
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