Sysorex announces latest in series of IT engagements with Fortune 500 biopharmaceutical firm

$1.2 million engagement will have Sysorex provide critical IT infrastructure systems and services for BioPharma leader

PALO ALTO, Calif. – Big data analytics and solutions provider Sysorex (NASDAQ: SYRX) today announced it has once again been engaged by a Fortune 500 biopharmaceutical research and development firm to provide critical data infrastructure migration and upgrade services. The project, valued at approximately $1.2 million, is the latest in a series of projects Sysorex has completed for the customer this year. All totaled, Sysorex has provided more than $3 million in IT systems and services for the customer in 2015.

“I think it speaks to both the quality and differentiation of Sysorex’s products and services that a Fortune 500 company has made multiple and successive orders,” said Sysorex CEO, Nadir Ali. “I’m very proud of our employees and the quality of work they deliver.”

Sysorex expects the new engagement to be completed by the end of 2015.

About Sysorex

Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in […]

By |2015-11-30T12:50:55-07:00November 30th, 2015|Categories: News|Tags: , , , |0 Comments

Sysorex Global Holdings Corp. Reports Results for the Third Quarter Ended September 30, 2015

Conference Call to be Held Today at 4:30 pm Eastern Time

Palo Alto, Calif. – Big data analytics and solutions provider Sysorex (NASDAQ: SYRX) today reported financial results for the Third Quarter ended September 30, 2015.

“Our accomplishments in the third quarter demonstrate our trend toward driving growth in our professional services, proprietary data analytics and AirPatrol products, which should inherently drive higher gross margins,” said Nadir Ali, CEO. “Our recent follow-on contract with Daruna, valued at approximately $91 million over a 15 year period, is evidence that our acquisitions and subsequent integration efforts are progressing as anticipated. We remain highly encouraged by our performance across our integrated business segments and look forward to the planned 2016 rollout of our LightMiner Analytics solution, a unique high-speed database technology which will allow clients to manage and analyze massive amounts of data in near-real time, either on premise or in the cloud,” he added.

Third Quarter Financial Highlights:

  • Q3 2015 Revenue of $14.9 Million
  • Q3 2015 Gross Margin of 30%
  • Q3 2015 GAAP net loss of $0.16 per share
  • Proforma Non-GAAP net loss1 of $0.09 per share
  • Q3 2015 Non-GAAP Adjusted EBITDA1 of ($1.5 Million)

Revenue: Total revenues for the three months ended September 30, 2015 were $14.9 million compared to $14.3 million for the comparable period in the prior year. The $600,000 increase in revenues, or approximately 4.2%, was primarily attributable […]

By |2019-07-23T00:33:31-07:00November 4th, 2015|Categories: News|Tags: , , |0 Comments

Sysorex Global Holdings Corp. To Announce Third Quarter 2015 Financial Results and Provide Company Update on Wednesday, November 4, 2015

PALO ALTO, Calif. – (BUSINESS WIRE) – Big data analytics and solutions provider Sysorex (NASDAQ: SYRX) today announced that it will host a conference call on Wednesday, November 4, 2015, at 4:30pm Eastern time to review financial results for the third quarter ended September 30, 2015, and provide an update on corporate developments. Following management’s formal remarks, there will be a question and answer session.

To listen to the conference call, interested parties within the U.S. should call 1-866-652-5200. International callers should call +1-412-317-6060. All callers should ask for the Sysorex Global Holdings Corp. conference call. The conference call will also be available through a live webcast at www.sysorex.com.

A replay of the call will be available approximately one hour after the end of the call through December 7, 2015. The replay can be accessed via Sysorex’s website or by dialing 1-877-344-7529 (U.S.) or +1-412-317-0088 (international). The replay conference playback code is 10075498.

About Sysorex
Sysorex develops the systems and solutions that power the data-driven enterprise. With an innovative approach to big data, analytics and the Internet of Things (IoT), we blend virtual data from software and networks with the huge volume of physical data generated by mobile devices and Internet-connected things to open new worlds of insight. Our unique solutions are helping organizations worldwide improve decision making, increase productivity, and fuel the discoveries of tomorrow. Headquartered in Palo […]

By |2015-10-27T10:35:59-07:00October 27th, 2015|Categories: News|Tags: , |0 Comments