July 23, 2003 -- (WEB HOST INDUSTRY REVIEW) -- Speedera Networks (speedera.com) announced yesterday that it was cash flow positive for the fourth quarter of the fiscal year ended June 30, 2003.
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The company also reported that it had doubled revenues for the full fiscal year. It said the year closed with ?strong momentum? as June sales rose 12 percent over the previous month, marking a 12th consecutive quarter of sequential revenue growth since the company launched in 2000.
According to the company, Speedera?s customer service, flexibility, patented technology and lower total cost of service were the key reasons for its success.
?We are debt-free, our revenue is growing, our market share continues to expand, and we?re profitable. This is an astounding accomplishment under any circumstances, but particularly in the current economic environment,? said Ajit Gupta, president and CEO of Speedera Networks. ?While our shareholders and employees are elated with our results, I think the more important point is that our customers are extremely satisfied with the quality, manageability, price/performance, and service level of Speedera?s offering. That?s why we are profitable and why we will be here for the long haul to service their growing Web infrastructure needs.?
The company also reported that it had closed many new deals with major vendors and was adding new features and functions to its SpeedSuite family of content delivery services.
Speedera Networks is based in Santa Clara, California.
