Sonasoft Reports Third Quarter (Q3) Results; Revenue is up by 37 Percent from the Previous Quarter
Sonasoft Corp. (OTCPK: SSFT), released its Third Quarter (Q3) financial results. Revenue is up by 37 percent from previous Q2 2014, and up by 27 percent from the third quarter 2013. This growth is accounted for by the increased sales in Sonasoft’s products and a significant increase in Sonasoft’s professional services.
FOR IMMEDIATE RELEASE
(As published on PRWeb)
October 28, 2014 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Solutions, announced its financial results for its fiscal 2014 third quarter (Q3). Sonasoft Corp posted quarterly revenue of $155,000. Sonasoft’s revenue grew by 37 percent when compared to the $113,000 revenue from its previous quarter, Q2 2014. Compared to the same quarter last year, Q3-2013, the company’s revenue is up by 27 percent.
“Sonasoft has seen a continued demand for our products, especially our email archiving and eDiscovery solutions”, said Andy Khanna, President and CEO of Sonasoft. “But, we especially saw an increase in our professional services. A strong demand for our NearPoint and Mimosa Data Migration Services accounted for this growth. Since we have ramped up our marketing and sales efforts, we expect this upward trend to continue.”
For a no-cost consultation or to learn more about Sonasoft’s email archiving and eDiscovery products and professional migration services:
Sonasoft Corporation is a publicly traded company with SEC Reg. A clearance and is listed on the over-the-counter markets at www.OTCmarkets.com with the trading symbol SSFT. Sonasoft’s core business model includes enterprise-class email archiving, eDiscovery, and business continuity software solutions for Microsoft Business Applications on Microsoft Windows platforms. Sonasoft’s signature products for eDiscovery tools, which include SonaVault Email Archiving Software and SonaVault Email Archiving Appliances, deliver affordable enterprise-level functionality that exceeds compliance and ease-of-use requirements of small and medium-sized businesses, governments, school districts, organizations, and enterprises. Sonasoft recently expanded its product offering to include Cloud-based email archiving as well as data export and migration services for competing archiving solutions. Sonasoft email archiving and eDiscovery solutions have hundreds of deployments with an exceptional degree of high customer satisfaction. Founded in 2003, the company is headquartered in San Jose, California.
For more information about Sonasoft’s email archiving solutions and business continuity software, contact:
Sales Sonasoft Corporation
Direct – (408) 708-4000
Mobile – (408) 893-8210
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This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.