ANN ARBOR – Online Technologies Corporation reported Monday it increased its annual revenue by 72 percent in 2004 ? a record year ?
fueled by 30 new customers and150 new contracts.
“By bundling value added networking services with our new additional data center we’ve been able to uniquely offer a number of complete Internet services. Increasing reliance on the Internet, growing security threats and the outsourcing mega-trend provide an environment ripe for these new offerings.” said Yan Ness, CEO and President of OTC.
OTC declined to provide fiscal guidance as to what revenues were at the beginning of calendar 2004 or at the end. Nor did OTC provide guidance on net earnings for the year, if any.
What Ness did say was more than 80 percent of the new orders were for contracted recurring revenue for co-location, managed services, dedicated servers, OTC’s new Developers’ Dedicated Environment and web development. These new customers came from non-profits, software companies, Application Service Providers (ASPs), manufacturing and health-care.
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