Speedera doubles revenue in fiscal 2003

By SiliconIndia   |   Wednesday, 23 July 2003, 07:00 Hrs
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SANTA CLARA, CA: Speedera Networks, a provider of content delivery services, today announced that it was cash flow positive for the fourth quarter of the fiscal year ended June 30, 2003.

The company also doubled revenues for the full fiscal year. The company’s sales in June rose 12% over the previous month.

Speedera, with more than 200 customers, inked deals with a number of new customers during the fiscal year, with organizations such as American Eagle Outfitters, NASA, Fox Broadcasting, Sony Music Entertainment, the National Hockey League, AtomShockwave, and many other well-known media and entertainment companies, Internet retailers, online marketers, high technology firms, and Federal Government agencies.

"We are debt-free, our revenue is growing, our market share continues to expand, and we're profitable," said Ajit Gupta, president and CEO of Speedera Networks. "With rising market share and expanding market opportunities from new services, we look forward to an even better fiscal year ahead in 2004." said Gupta.

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