Our performance was very strong for the first half of 2011 and continues to validate our fundamental strategy and vision for bTrade solutions and services”, notes Steve Zapata, President and CEO of bTrade.
Glendale, CA (PRWEB) September 13, 2011
bTrade LLC, a leading developer of secure file transfer technology solutions, today announced the financial results for the first half of the fiscal year which ended June 30, 2011.
1st half year highlights were:
- 44% revenue growth first quarter, year over year
- 15% revenue growth first half 2011 over similar period 2010
- 58% increase in Net Income in 1st half 2011 vs 1st half 2010
- Achieved the high end of Adjusted EBITDA target for 1st half 2011 up 50% vs 1st half 2010.
- Strong and increased recurring revenue streams
- Continued strong and increasing Cash Flow over 1st half 2010
“Our performance was very strong for the first half of 2011 and continues to validate our fundamental strategy and vision for bTrade solutions and services”, notes Steve Zapata, President and CEO of bTrade.
“During this time, we have continued to increase new sales both domestically and internationally, as well as work with our existing customers who have expanded their usage of bTrade solutions on a global basis. Our customers consistently tell us that our business focus is in line with the expectations of the marketplace,” Mr. Zapata went on to comment. “Revenue, cash and earnings all increased on a solid basis. Looking forward, I am confident that bTrade solutions and services will continue to allow companies, both large and small, improve their business-to-business requirements in the managed file transfer arena. I am confident that in the second half of the year we will deliver sustained revenue growth and achieve a higher full-year financial performance than in 2010.”
bTrade develops secure file transfer technology solutions for enterprises that share sensitive data across applications and organizations, and face complex security and compliance mandates. Thousands of customers depend on bTrade solutions to gain control and oversight of the movement of critical corporate data to facilitate data growth, reduce security risk, and improve IT and business efficiency. bTrade was founded in 1990 and is led by eBusiness visionaries who have delivered industry-leading business integration solutions to thousands of enterprise customers worldwide. bTrade is privately held and profitable with its global headquarters located in Glendale, CA USA.
For more information on bTrade’s solutions and services, please visit bTrade.com
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