Sonasoft (SSFT) Reports Fourth Quarter (Q4) Results; Revenue Rose 160 Percent from the Previous Quarter
Sonasoft Corp released its Fourth Quarter (Q4) financial results. Revenue has increased by 160 percent from third quarter of 2014 and has increased by 217 percent from the Fourth 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 GlobeNewswire)
February 18, 2015 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in Email Archiving and eDiscovery Solutions, announced its financial results for its fiscal 2014 Fourth Quarter (Q4). Sonasoft Corp posted quarterly revenue of $401,000. Sonasoft’s revenue grew by 160 percent when compared to the $150,000 in revenue from its previous quarter, Q3 2014. Compared to the same quarter last year, Q4 2013, the Company’s revenue is up by 217 percent.
“On January 7, 2015, we communicated to the market that Sonasoft projected an increase of 135 percent in Q4 from the previous quarter”, said Andy Khanna, President and CEO of Sonasoft. “After finalizing our financials, we exceeded our previous estimate and grew by 160 percent from our previous quarter and over 200 percent from the Fourth Quarter of 2013. Sonasoft’s professional services have fueled this growth. We saw a significant increase in demand for our Microsoft Exchange Server Migrations. Customers who were on Microsoft Exchange Server 2003 and 2007 wanted to obtain the performance and security benefits of Microsoft Exchange Server 2010 and 2013. Sonasoft now will invest heavily in sales and marketing to continue its financial momentum through the upcoming quarters.”
To view Sonasoft’s (SSFT) Q4 Financials and other filings and disclosures on OTC Markets:
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 listed on the OTC Markets 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 and eDiscovery Software as well as 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 email archiving in the cloud 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
Phone: (408) 708-4000
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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.