SHREWSBURY, N.J., Aug. 21, 2015 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company or "InterCloud") (Nasdaq:ICLD), a leading provider of cloud orchestration, hosting and automation solutions and services, announced today that it continues to see an influx of new purchase orders and long term contracts across its business segments. The backlog of business is now at an all-time high of over $38 Million.
Chairman and CEO Mark Munro stated, "I recently discussed our second quarter financial results on the conference call last Wednesday and I highlighted how InterCloud beat earnings estimates, grew 35% for the first half of 2015 over 2014, produced over $1M of adjusted ebitda, and continued our growth in product development and added new large enterprise and service provider customers. Now we are announcing our growing backlog and sales pipeline. These important business metrics provide InterCloud a solid foundation for future success. We look forward to an exciting second half of 2015."
Mark Munro added, "We look forward to continued success with our clients throughout 2015 and beyond as the technology landscape continues to move to Software Defined Networks (SDN) and Network Function Virtualization (NFV)."
About InterCloud Systems, Inc.
InterCloud Systems, Inc. is a leading provider of cloud networking orchestration and automation, for Software Defined Networking (SDN) and Network Function Virtualization (NFV) cloud environments to the communications service provider and corporate enterprise markets, through cloud solutions and professional services. Additional information regarding InterCloud may be found on InterCloud's website at www.intercloudsys.com.
Forward-looking statements:
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