Sonasoft Corp. (OTCPK:SSFT) released its first quarter (Q1) 2016 financial results.
FOR IMMEDIATE RELEASE
(As published on OTC Markets)
May 3, 2016 – San Jose, California, Sonasoft Corp. (OTCPK: SSFT), a leader in business continuity software solutions and professional services announced its financial results for its first quarter in fiscal year 2016. Sonasoft Corp booked quarterly revenue of $210,173, which is a gain of 13 percent over Q4 2015 revenue of $185,779. The order backlog from Q1 includes $42,600 of migration services which will be completed in next quarter and will be recognized as revenue in Q2 2016.
“Sonasoft continues to execute with steady growth”, said Andy Khanna, President and CEO of Sonasoft. “Sonasoft has now grown continuously for the past seven quarters. Demand for our professional services continues to contribute significantly to our overall performance. The outlook to sustain Sonasoft’s recent financial progress in subsequent quarters looks promising.”
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Sonasoft Corporation is a publicly traded corporation and is 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 exceptionally high degree of 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:
Andy Khanna, President and CEO
Phone: (408) 708-4000
Direct: (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.