Fiscal Year Results And New Projects Propel Carlo Gavazzi Computing Solutions Into Sustained Growth
Massachusetts Based Business Unit Remains Committed to Industry and Community
Brockton, MA (PRWEB) September 17, 2008 -- Carlo Gavazzi Computing Solutions, Inc., (CGCS) an innovative leader in Electronic Packaging, posts profitable results for the fiscal year ending March 31, 2008. By expanding business within the company's Industrial Market and Military Market, the company increased bookings by 14 percent and improved backlog by 5 million dollars, or 56 percent over the previous period. Such wins include orders from major, multinational companies, including a world leader in the Printing Industry.
| | - Electronic Packaging leader achieves significant growth for the past fiscal year
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"The financial performance for the past fiscal represents a significant milestone for CGCS," said Mark Sullivan, CFO of Carlo Gavazzi Computing Solutions. "The company achieved a respectable operating profit margin for the first time in several years. Since the bursting of the telecom market bubble, CGCS has focused on winning business in the Military Market and Industrial Market from large multinational customers who are focused on the Oil & Gas, Medical Devices and Document Printing markets, as well as certain mission critical military programs. This up-tick in business puts the company on a positive growth trajectory whereby revenues will grow at double digit rates next year."
| | - Carlo Gavazzi Computing Solutions focuses on continued presence in the Industrial Market, Military Market and Printing Industry
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In the coming months, the company will maintain its presence in the Industrial Market, Military Market and Printing Industry. A committed member of the Brockton, Mass. and greater-Massachusetts communities, Electronic Packaging leader CGCS also plans to sustain business growth and development in Massachusetts by strengthening its local engineering and manufacturing efforts.
Carlo Gavazzi, the Swiss-based electronics group and holding company of CGCS, also improved its economic performance for the fifth consecutive year. While operating revenue increased by 9.3 percent from 174 million to 192 million, EBIT rose by 32 percent, reaching 12 percent of revenue, well ahead of the 10 percent target set for 2009/10.
About Carlo Gavazzi Computing Solutions:
Based in Brockton, Mass., Carlo Gavazzi Computing Solutions is an innovative leader in system architecture for computing platforms. The company engineers solutions for the military, industrial and telecom industries and offers core product lines in electronic packaging, serial I/O and system expansion. All products are manufactured in the United States and comply with VITA, PICMG and PCI-SIG standards.
Carlo Gavazzi Computing Solutions is a sister company of Carlo Gavazzi Automation Components and a wholly-owned subsidiary of Carlo Gavazzi AG, a publicly-traded, global electronics group. For more information on Carlo Gavazzi Computing Solutions, visit www.gavazzi-computing.com, call 1.800.926.8722 or write to info@gavazzi-computing.com.
Attn publishers: Please send all sales leads to:
Jessica Isquith
Vice President of Marketing
Carlo Gavazzi Computing Solutions
10 Mupac Drive
Brockton, MA 02301 U.S.A.
Phone: 1.800.926.8722
Fax: 508.588.0498
Email: jisquith @ cg-cs.com
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