SAN JOSE, Calif., May 20, 2015 /PRNewswire/ -- Sonasoft Corp.
(OTCPK: SSFT), a leader in business continuity software solutions
and professional services, announced its financial results for its
first quarter in fiscal year 2015 (Q1). Sonasoft Corp. posted
quarterly revenue of $282,064.
Sonasoft's revenue grew by 127 percent when compared to the
$124,422 in revenue from the
same quarter last year, Q1 2014.
"Sonasoft continues to be on track," said Andy Khanna, President and CEO of Sonasoft. "On
March 17, 2015, we announced that our
projected topline Q1 revenue was to grow 60 percent from the prior
year. After finalizing our numbers, Sonasoft exceeded that
estimate and grew by 127 percent from the same quarter in
2014. The company's professional services continued to fuel
this growth. We have seen an increase for our Microsoft
Exchange Server migration services and for our data export services
of competing legacy archive solutions. Demand for our email
archiving solutions also remains strong, and we recently announced
new features and enhancements to our email archiving software."
"On the operational side," continued Andy Khanna, "Sonasoft is close to completing
its two-year audit. As announced on March 6, 2015, Sonasoft plans to uplist to OTCQX
of OTC Markets, after this audit is complete. Completion of
this two-year audit will allow us to raise more capital to invest
back into the company. Sonasoft recently expanded its sales force
to include a specialist in the banking sector to increase our
market share in this vertical. Similarly, Sonasoft has begun
to implement an automated marketing solution to fuel its sales
funnel with fresh leads. These initiatives will help sustain
the financial momentum in the quarters ahead."
To be informed of Sonasoft Corp's (SSFT) finances on OTC
Markets:
http://www.otcmarkets.com/stock/SSFT/quote
To obtain a no-cost professional evaluation and learn more about
SonaVault Email Archiving and eDiscovery Software solutions:
http://www.sonasoft.com/products/sonavault-email-archiving-software/
About Sonasoft
Sonasoft Corporation is a publicly traded listed on the OTC
Markets with the trading symbol SSFT. Sonasoft's core business
model includes enterprise-class email archiving, eDiscovery, and
business continuity software solutions for Microsoft Business
Applications on Microsoft Windows platforms. Sonasoft's signature
products for eDiscovery tools, which include SonaVault Email
Archiving and eDiscovery Software as well as SonaVault Email
Archiving Appliances, deliver affordable enterprise-level
functionality that exceeds compliance and ease-of-use requirements
of small and medium-sized businesses, governments, school
districts, organizations, and enterprises. Sonasoft recently
expanded its product offering to include email archiving in the
cloud as well as data export and migration services for competing
archiving solutions. Sonasoft email archiving and eDiscovery
solutions have hundreds of deployments with an exceptional degree
of high customer satisfaction. Founded in 2003, the company is
headquartered in San Jose,
California.
Forward-looking Statements
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's financing plans;
(ii) trends affecting the Company's financial condition or results
of operations; (iii) the Company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends. The
words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," and similar expressions and variations thereof
are intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors.
http://www.sonasoft.com
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SOURCE Sonasoft Corporation