Computeruser.com
Latest News

Midas Medici Group Holdings Reports Record Q1 2012 Financial Results

NEW YORK May 21, 2012 March 31, 2012

Midas Medici Business Overview

the United States Brazil State of North Carolina

March 31, 2012

  • $35.5 million
  • 11.3% of net revenue growth organic and 88.7% of net revenue growth from acquisitions
  • $20.5 million
  • $3.3 million $10.2 million
  • Gross margin percentage increased from 25.8%  of revenues to 29.4% quarter-over-quarter  
  • SG&A as a percent of net revenues dropped from 33.6% to 31.2% as the business scaled
  • $3.0 million $0.20 $0.30

March 31, 2012

Summarized Three Months Ended March 31st, 2012 Results (‘000) except EPS

March 31st, 2012

March 31st, 2011

Change

Sales

$35,547

$12,837

177.1%

Gross Profit

$10,442

$3,309

215.6%

Selling, General and Administrative Expenses

$11,088

$4,313

157.1%

Net Income (loss) attributable to Common Shareholders

($5,223)

($1,112)

N/A

Non-GAAP Adjusted Net Loss*

($2,983)

($1,112)

(68.2%)

EPS

($0.53)

($0.20)

(165.0%)

Non-GAAP Adjusted EPS*

($0.30)

($0.20)

(50.0%)

$281,000 March 31, 2012 $1,932,563 $26,604

Nana Baffour Latin America

Data Center Services Revenues

Brazil March 31, 2012 $14.9 million March 2012 Brazil

IT Infrastructure Services and Solutions

$4.9 million $19.4 million March 31, 2012 Brazil

Consolidated Results of Operations

March 31, 2012 $35.5 million $12.8 million March 31, 2011 Brazil $20.1 million March 31, 2012

March 31, 2012 $21.1 million $9.5 million March 31, 2011 $13.5 million

March 31, 2012 $11.1 million $4.3 million March 31, 2010

March 31, 2012 $1.9 million $1.7 million March 31, 2011 $0.2 million $22.9 million $22.7 million March 31, 2012

$5.2 million $1.1 million March 31, 2011 $0.53 March 31, 2012 $0.20 $2.1 million March 2012 $3.0 million $1.1 million March 31, 2012 $0.30 $0.20 March 31

About MIDAS MEDICI Group Holdings, Inc.

the United States

www.midasmedici.com

Forward Looking Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements related to Midas Medici Holding’s public offering of common stock and the completion of the offering. These forward-looking statements are based upon Midas Medici’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, which include, without limitation, risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the proposed offering and other risks detailed in Midas Medici’s filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. There can be no assurance that Midas Medici will complete the offering of shares of common stock. All forward-looking statements are qualified in their entirety by this cautionary statement, and Midas Medici undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.

Contacts:



Nana Baffour

[email protected]
www.midasmedici.com



John Mattio

[email protected]
www.mz-ir.com

 

MIDAS MEDICI GROUP HOLDINGS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands except share and per share amounts)

March 31,

December 31,

2012

2011

(Unaudited)

(Note 1)

               ASSETS

Current assets:

Cash and cash equivalents

$

1,381

$

1,461

Accounts receivable, net of allowance for doubtful accounts of $1,806 and $1,711, respectively

25,044

28,374

Lease payments receivable, current

2,071

2,091

Lease payments receivable – Westcon

4,849

4,000

Inventories

3,827

3,413

Recoverable taxes, current

1,544

1,500

Deferred costs, current

9,470

13,044

Prepaid expenses and other current assets

2,436

2,017

Total current assets

50,622

55,900

Property and equipment, net

6,523

6,317

Accounts receivable, long-term

48

70

Lease payments receivable, long-term

1,732

1,663

Lease payments receivable – Westcon, long-term

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test