May 8, 2007 – (HOSTSEARCH.COM) – Web hosting provider Hostopia is “very pleased” with its fourth quarter and full year results, the company announced yesterday. The company, who provides web services to small- and medium-sized businesses and individuals announced preliminary unaudited financial results for both periods.
"We are very pleased with our fourth quarter and full year results," explained CEO of Hostopia, Mr. Colin Campbell. "The company showed strong revenue growth, driven by gains in the number of end users and licensed website templates. We continued to grow the company profitably, posting $574,000 of operating income for the fourth quarter, while investing in the future. Momentum remains strong, with 370,000 e-mail accounts recently migrated and 40,000 websites scheduled to be migrated onto our platform during the first six months of fiscal 2008."
Highlights of Hostopia’s results included a 15.4% increase in revenues on the same period last year, the “14th consecutive quarter of positive operating income”, and 12-month revenue increasing 25.1 % to $22.5 million. The company added 12,000 end users in the fourth quarter of 2007.
