Pivot Technology Solutions Reports Estimated 2017 Revenue for Prosys Business Unit

Pivot Technology Solutions (TSX:PTG) has announced that its Prosys business unit generated revenue of roughly $98 million in December and $725 million for the year ended December 31, 2017.
As quoted in the press release:

These results are preliminary only and are subject to confirmation and audit.  Although revenue for both the month and the fiscal year represents a record for Prosys, the impact on Prosys and overall Company earnings has yet to be determined. Moreover, 2017 consolidated revenue and earnings for the Company as a whole have yet to be finalized and will only be released upon completion of the year-end audit in March 2018.
“We recently realigned the sales leadership team at Prosys to better capture opportunities,” said Kevin Shank, Pivot’s President and Chief Executive Officer. “We believe these changes will improve our vendor/partner alignment and the productivity of the sales teams covering Prosys territories.  Additionally, the changes created management capacity to assist with the ongoing expansion of TeraMach, which is one of Pivot’s new growth leaders.”

Click here to read the full press release.