Beacon Enterprise Solutions Group, Inc., provider of fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world, recently told investors that it anticipates exceeding 30% year-over-year growth in net sales for the fiscal year ended September 30, 2011. The previous year’s net sales totaled approximately $14 million.
Furthermore, SG&A expenses are expected to be significantly lower than the previous year. The company said it anticipates gross profit margin for the fourth quarter to range between 35% – 40%, which is in line with the company’s expectations.
“Our continued growth reflects our improved sales and marketing efforts, including expanded engagements with existing customers and adapting to the needs of our clients during these challenging economic times,” stated Bruce Widener, Chairman and CEO of Beacon Enterprise Solutions. “Our focus on expense reduction will also contribute significantly to our financial results. We look forward to discussing our full operating results for 2011 and prospects for continued growth in 2012 on our upcoming conference call after we file our annual report in early December.”
Financial results for the fiscal 2011 fourth quarter and full fiscal year ended September 30, 2011, are expected to be released on Monday, December 12, 2011, aftermarket. A conference call will take place on Tuesday, December 13, 2011, at 10:00 a.m. EST to discuss the results.
U.S. and Canadian investors interested in joining the call should dial 888-495-3916 and then enter conference ID # 20119461. Participants outside of the U.S. and Canada can join by calling 706-634-7530 and entering the same conference ID. The conference call will also be webcast on the company’s website, http://www.askbeacon.com, under the “Investor Relations” tab.
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