CloudCommerce Releases Quarterly Report Announcing 524% Year-Over-Year Revenue Increase

CloudCommerce, Inc. (OTCQB:CLWD) has announced the filing of a quarterly report, with consolidated revenue showing dramatic improvement over the previous year-over-year quarter.
According to the press release:

For the quarter ended December 31, 2015, revenue was $778,075, an increase of 524% compared to the quarter ended December 31, 2014, which was $126,203. The bulk of the increase came from the Company’s wholly-owned subsidiary, Indaba Group, based in Denver, CO, which began to contribute revenue after the acquisition closed on October 1, 2015.
“Our Indaba Group acquisition contributed significant top line revenue to the Company, and we’re very pleased with these results,” said Andrew Van Noy, CloudCommerce’s CEO. “The e-commerce industry is experiencing tremendous growth right now and we are excited to be a part of it. For the first time in history, Black Friday 2015 had more online sales than traditional retail sales in malls and stores. The battle for customers, revenues and profits has forever moved online. Our plan is to aggressively increase our internal growth, as well as acquire other profitable e-commerce service providers to capture market share and become a dominant player in the industry.”

Click here to read the full press release.