Annese Reports Historic Growth through First Half of 2013
Clifton Park, N.Y. (PRWEB) July 16, 2013 -- Annese & Associates, Inc. announces strong mid-year earnings with over $35.99 million in revenue and $2.29 million in net profits, at a ratio of 6.37% of revenue. Most importantly, while its product resale business has grown by 22.3% over the first half of 2012, Annese’s own Branded Services division has noted substantial increases across all of its lines of business, from professional service engagements (up 9%), managed service contracts (up 98%, nearly doubling since last year), product resale, and maintenance renewal contracts.
While the corporation’s sales pipeline develops anywhere from one to eighteen months in advance of contract and order closings, these results are also attributable in part to Annese’s newly launched five year strategic plan, which refocused the company’s core competencies around Network Infrastructure, Data Center Virtualization, and Collaboration, with a concentration on cloud and managed service offerings.
“With the new fiscal year well underway, we remain highly focused on the execution of our business strategy in a complex macroeconomic environment,” affirms Ray Apy, President & CEO. “Annese & Associates is doing very, very well in comparison to 2012 and prior years. I see all departments working to the same strategic goals.”
“Success stories abound in all regions and departments—from customer service accolades, to internal recognitions, to partner acknowledgement, to our award for Best Companies to Work For in New York State,” continues Apy. “The Annese engine is firing on all cylinders. We are in an excellent position to deliver on our fiscal year goals and priorities as we continue to strive to deliver profitable growth and generate long-term shareholder value.”
About Annese & Associates, Inc.
Expertise. Relationships. Innovation. Throughout the past four decades, these principles have established the foundation upon which Annese & Associates has emerged as the trusted adviser to our customers, partners, and communities. With a full-circle approach to integrating communications systems, Annese wraps professional and managed services around Collaboration and Data Center Virtualization solutions. Guided by our services methodology, we design an end-to-end IT experience for our clients, implementing the tools of today and administering a plan for tomorrow. Our business is the art, science, and passion of connecting devices to networks, people to people, and ideas to action.
Christina Nordquist, Annese & Associates Inc, http://www.annese.com, 585-563-2129, [email protected]
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