ODESIA Reports Increase in Second Quarter Revenue
Q2 Results include +22% Revenue, and +5% Gross Profit Driven by Solid Business Management and Global Market Demand
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwire) -- 08/28/12 -- ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE: ODS), an international corporation specialized in Corporate IT solutions, is pleased to announce its 2012 second quarter revenue of 2,948,000, a significant increase from the same period in 2011.
"A 22% increase in revenue from Q2 2011 and a 25% increase from the first semester of 2011 are positive indications of initial progress from ODESIA's strategic plan announced in late 2011," stated President and CEO, Nicolas Bonnafous. "In addition to organic growth in revenue, ODESIA also completed the successful acquisition and integration of Interfacing Technologies Corporation in Q2 2012. The award winning portfolio of BPM software products acquired from Interfacing, adds depth and breadth to our strategic mix of offerings."
Highlights for the second quarter ended June 30, 2012:
Selected financial information
Income statement
Statement of financial position
Outlook
The ODESIA leadership team strives to advance new corporate development initiatives to insure continuous organic growth and is also dedicated to deliver ongoing results by identifying acquisition opportunities.
Additional information on the second quarter ended June 30, 2012
The financial information regarding the second quarter ended June 30, 2012 should be read in parallel with the Company's consolidated financial statements and MD&A (Management Discussion and Analysis). These documents can be found on
About ODESIA Group Inc.
ODESIA Group Inc. (TSX VENTURE: ODS) is a global technology solutions provider serving enterprise level Fortune 500 companies in the financial services, manufacturing, media and telecommunications industries. ODESIA's team mission is to empower multinational corporations with the ability to improve the efficiency of operations, enhance process performance, productivity and profitability, and make better overall business decisions by implementing Unified Business Intelligence solutions that present the right information, at the right time, and the right place. ODESIA is listed on the Toronto Venture exchange under the symbol "ODS." For more information on The Company visit or for Investor Relations visit . A copy of the latest company data sheet is available at
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA's current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein. Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. ODESIA does not undertake any obligation to update or revise any forward-looking statements to conform such information to actual results or to changes in expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President and CEO
514.876.1155
Investor Relations
PRIME Communications Inc.
Toll free: 1 (855) PRIME TM ext. 101
1 (604) 638-1431
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Datum: 28.08.2012 - 12:40 Uhr
Sprache: Deutsch
News-ID 178143
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contact information:
Town:
MONTREAL, QUEBEC
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Networking
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