Boston, MA 02\/27\/2014 (wallstreetpr) –\u00a0<\/b>Edgewater Technology Inc. (NASDAQ:EDGW)<\/b> was all good news in the previous trading session. The stock rose more than 20 percent, hitting intraday high that was just a few pennies shy of the 52-week top level. The strength of the stock was drawn from the profitable fourth quarter and revenue expectations that the management raised. And on top of the earnings news, the company also announced that recognition of two of its customers.<\/p>\n
The company declared that it generated full-year 2013 revenue of $04 million, exceeding the $101 million revenue that was recorded in the previous year. Revenue growth in 2013 was possible due to the strong service and software sales. In fact, the service business accounted for the bulk of the revenue at $85 million. The full-year net income was $34 million, comparing with the $1.4 million in the previous year. Note the strong net income in the year under review was helped by deferred tax assets.<\/p>\n
Most recent quarter figures<\/b><\/p>\n
Edgewater Technology Inc. (NASDAQ:EDGW) announced earnings of $2.7 million in the fiscal 2013 fourth quarter. Now the management expects that revenue for the first quarter of 2014 will be higher sequentially as well as year-over-year.<\/p>\n
Recognizing clients<\/b><\/p>\n
The Shirley Singleton-led consulting company Edgewater Technology Inc. (NASDAQ:EDGW) announced that its two customers Rockwater Energy Solutions and Alltech, have been recognized as winners for the Microsoft Corporation (NASDAQ:MSFT)<\/b> 2014 Customer Excellence Award. The two businesses will be honored at the March 5, award luncheon by Microsoft executives. Rockwater has been announced the winner of Business Operations Excellence, while Alltech took over the hat of Manufacturing.<\/p>\n
Worthy partner <\/b><\/p>\n
The customer excellence awards from Microsoft are present in 17 categories and recognize Microsoft Dynamics users that attain notable accomplishment using the solution. So then, Alltech and Rockwater satisfied this required for the premier recognition.<\/p>\n
Edgewater Technology Inc. (NASDAQ:EDGW) is a prodder of Microsoft Dynamics solutions and its customers have are among those experiencing outstanding and measurable businesses benefits, thanks to the superior dynamics solutions it offers. Thus, Edgewater Technology Inc. (NASDAQ:EDGW) is always a delighted partner of Microsoft Corporation (NASDAQ:MSFT).<\/p>\n
Shares of Edgewater Technology Inc. (NASDAQ:EDGW) were last seen up by 20.3 percent to $7.23.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 02\/27\/2014 (wallstreetpr) –\u00a0Edgewater Technology Inc. (NASDAQ:EDGW) was all good news in the previous trading session. The stock rose more than 20 percent, hitting […]<\/p>\n","protected":false},"author":13,"featured_media":16163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[4770,1637,4771,738],"stock_ticker":[],"class_list":["post-16147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-edgewater-technology-inc-nasdaqedgw","tag-microsoft-corporation-nasdaqmsft","tag-nasdaqedgw","tag-nasdaqmsft","entry"],"acf":[],"yoast_head":"\n