InterCloud awarded new contracts valued at 2.6M

InterCloud Systems Inc., a provider of cloud-based solutions and services, announced Thursday it has been awarded more than $2.6 million in new contracts for its services.Most of the work, according to the Shrewsbury-based company, is expected to begin immediately.

“We announced last week that we have undertaken measures to reduce our operating expenditures, restructure our debt, and divest ourselves of non-core assets.  Notwithstanding these cost cutting measures, we continue to drive revenue from legacy IT services as well as new cloud services.  InterCloud continues to build revenue from a significant pipeline of potential new business.  We are receiving new contracts from some of the world’s largest service providers and enterprise customers and providing solutions as they transition from legacy IT hardware to virtualized networking services,” Mark Munro, CEO of InterCloud, said in a prepared statement.

“We believe that our cost cutting measures and continued debt reduction will enable the Company to achieve positive and sustainable net income in the near future,” he said.