Inflow-Austin Announces First Quarter Successes; IDC Reports Substantial Increase in EBITDA and Customer Count.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--June 23, 2003 Inflow Inc., a leading provider of managed web application hosting and outsourced IT services, announced significant EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become gains and other operating and fiscal milestones in first quarter by its Austin Internet Data Center (IDC). Gains in Total Revenue & Customer Count Inflow-Austin's total revenue in first quarter was approximately $1.43 million, up just under 2% from fourth quarter 2002. Inflow-Austin general manager Cameron Brown For the politician from Michigan, see Cameron S. Brown. Cameron Brown (born December 21, 1945) is an United States jazz double bassist born in Detroit, Michigan. Cameron started studying music at age 10, first on piano, later on clarinet. attributes the increased revenue growth to new customer acquisitions, obtaining larger customers and increased upsell activity within its existing customer base. "We have a steadily increasing customer base in Austin," Brown said. "We work hard to make sure our customers are satisfied, and that is reflected in our performance results." Inflow-Austin served 95 total customers at the end of first quarter, a 37.7% increase over the same period last year. New customers include Round Rock Express, Intercall (MSHOW), and The 401K Company. More Than 700% Increase in EBITDA Over Same Period Last Year First quarter 2003 earnings before interest, taxes, depreciation, and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. ("EBITDA") was approximately $0.38 million (EBITDA excludes corporate overhead not allocated to individual markets). First quarter EBITDA comprises a 713% increase over first quarter 2002. "We are delighted with our large EBITDA gains and expect to reach more milestones in coming months," said Brown. "We are focused on operational excellence and delivering the best value for our customers." Inflow-Austin has been EBITDA positive since October 2001. Inflow-Austin Facts Inflow's Austin IDC was opened in April of 2000. The facility has experienced zero downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. since opening. The IDC has technical staff members that support customers 24 x 7, including Hoover's Online, Hire.com, and Keller Williams Keller Williams (also known as K-Dub or just Keller) (Born February 4, 1970) is an American singer from Fredericksburg, Virginia who began performing in the early 1990’s. Real Estate. Since opening, Inflow-Austin's operations have been run by Cameron Brown, a former U.S. Air Force officer. The IDC is centrally located at 8025 IH 35 North in Austin. About Inflow Inflow provides facilities-based IT solutions to companies with critical business and network applications. Founded in 1997, Inflow opened its first Internet Data Center (IDC) in June 1998 and currently serves more than 750 customers from its IDCs in 12 markets throughout the U.S. Leveraging its expertise in application, network and datacenter management, the Company is able to deliver the most reliable, secure, scalable and cost-effective outsourcing solutions available. Core services The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. are offered within Inflow's three primary lines of business: Application Hosting and Management, Business Continuance The adjournment or postponement of an action pending in a court to a later date of the same or another session of the court, granted by a court in response to a motion made by a party to a lawsuit. and Disaster Recovery, and Enterprise Datacenter Management. In its sixth year of business, Inflow generated approximately $50.7 million in total revenues last year. Investors include Meritage Private Equity Funds, Centennial Ventures, Telecom Partners, Spire Capital Partners, The Halyard hal·yard also hal·liard n. Nautical A rope used to raise or lower a sail, flag, or yard. [Alteration (influenced by yard1) of Middle English halier, from Capital Fund, GE Capital and PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Equity. For additional information and IDC locations, please visit www.inflow.com or call 877/321-2464. For more information on the Austin IDC, please call Cameron Brown at 512/531-5400. |
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