Connextions Announces 20% Growth in Profits and 51% Growth in Net Income in 2002.Business Editors/High-Tech Writers ORLANDO, Fla.--(BUSINESS WIRE)--Jan. 23, 2003 Attributable to Client Base Expansion and Retention, Including EarthLink, Chase, Olympus and Mercedes-Benz, as Well as Key Hires Connextions, a leading business outsourcing and technology company, announced today that its revenues increased 20 percent in 2002 over 2001 and its net income grew 51 percent. "We made considerable financial and strategic progress in 2002 by maintaining a counter-cyclical business approach during a challenging market that has provided solid results," said Jack LeFort, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Connextions. "Our strategy has kept us on a steady path of growth that has been scalable and sustainable." In addition to increasing the bottom line, Connextions also significantly de-leveraged the Company and recorded an 8.3 percent debt-to-equity ratio debt-to-equity ratio The relationship between long-term funds provided by creditors and funds provided by owners. A firm's debt-to-equity ratio is calculated by dividing long-term debt by owners' equity. Both items are shown on the balance sheet. . "This year we demonstrated the capabilities and adaptability of our business model," LeFort said. "In addition to expanding and retaining key clients, we made key hires, particularly with the appointment of Bill Johnson Bill Johnson may refer to:
About Connextions Connextions manages the essential business functions for some of the world's largest companies through the integration of technology, Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) and fulfillment. We conceive conceive /con·ceive/ (kon-sev´) 1. to become pregnant. 2. take in, grasp, or form in the mind. con·ceive v. 1. To become pregnant. 2. , implement and integrate multiple business functions including contact center solutions, fulfillment and supply chain management and technology solutions, on behalf of our clients, which translates into increased revenues, cost savings, customer retention and acquisition, and brand protection. Our laser focus on client partnership and service is evidenced through the creation of customer teams and functions that become an integral part of the Client organization. Based in Orlando, FL, Connextions operates a state-of-the-art eBusiness campus, boasting two separate computerized fulfillment warehouses, two separate multi-channel call centers and an advanced data and Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. center. Working with some of the world's largest companies, including Mercedes Benz Mercedes Benz expensive automobile and status symbol. [Trademarks: Crowley Trade, 368] See : Luxury , Nextel, EarthLink, Olympus, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , Pearson, JP Morgan Chase, among others, Connextions has developed a proven track record of excellence and success and a reputation as a true outsourcing partner. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion