Network Hardware Resale Announces Sustained Revenue Growth through First Half of 2007 as Secondary Network Market Gains Further Momentum
Sales Revenues Increase by 30 Percent as Leading Provider Responds to Accelerated Demand for Rapid Delivery of Highly Available, Pre-Owned Networking Routers and Switches
Amsterdam, Netherlands ─ July 25, 2007 ─ Network Hardware Resale (NHR), the leading provider of pre-owned and new networking equipment, today announced earnings for the first half of 2007. Revenues for the first half of 2007, ending June 30th, were $84 million, an increase of approximately 30 percent over the same period last year. Additionally, NHR posted positive EBITDA for the 30th consecutive quarter, reinforcing the company’s goal to reach its projected worldwide revenue goal of $170 million for the year.
NHR arranges delivery of fully tested, pre-owned network routers, switches, access servers and IP telephony equipment from leading manufacturers, including Cisco, Extreme and Juniper. As a trusted, alternate source for refurbished networking gear at savings of up to 90 percent off OEM list prices, NHR has continued to expand its international footprint including Europe.
The company is forecasting healthy revenue growth in several European markets including the United Kingdom, which is on track to achieve a 60-percent year-on-year increase in sales revenue.
According to Mike Sheldon, president and CEO of NHR, the company’s consistent growth is fuelled by a constant focus on business best practices that guarantee product integrity and the highest levels of responsive customer service. “NHR is on course for another year of record revenues, thanks to a company-wide commitment to providing top-quality network gear—backed by exceptional service and standard one-year warranties,” he says. “Our leadership position in this market allows us to meet our customers’ ever-growing business demands and at the same time increase our value proposition through the addition of new products, expanded technical support and complementary network services.”
In June, the company announced its Asia-Pacific headquarters in Singapore which supports accelerated momentum throughout the region while also extending the capabilities offered at locations in Europe and the United States. NHR’s Asia-Pacific revenues rose 46 percent during the first half of 2007 as compared to the same period last year.
NHR serves more than 10,000 customers worldwide, including Global 1000 organisations, small and mid-sized enterprises, government entities, educational institutions, healthcare organisations and telecommunications service providers. The company currently offers a full range of production network, disaster recovery, testing and sparing as well as asset recovery solutions.
NHR also is a founding member of the United Network Equipment Dealer Association (UNEDA), an alliance of more than 300 of the top pre-owned network equipment dealers worldwide. NHR’s Sheldon serves as the president of UNEDA’s board of directors. The alliance recently announced the results of the first annual survey of this multi-billion dollar industry segment, validating the increasing role of secondary network providers in transforming the networking industry through greater equipment choices, improved product availability and lowered total cost of ownership (TCO).
About Network Hardware Resale
Network Hardware Resale (NHR) is a leading provider of high-performance, pre-owned Cisco, Extreme and Juniper networking equipment. The company also is an authorised reseller of resilient, massively scalable networking gear from Force10 Networks. Founded in 1986, the Santa Barbara, Calif.-based organisation has been recognised by Inc. Magazine as one of the fastest growing private companies in the United States for four consecutive years. NHR provides global sales and technical support from its California, New York City metro, Amsterdam and Singapore locations. More than 10,000 organisations worldwide purchase quality networking equipment from NHR, including Global 1000 companies, small and mid-sized enterprises, government entities, educational institutions, healthcare organisations and telecommunications service providers. For more information, visit www.networkhardware.com.
For more information contact:
+44 (0)1628 673007
+44 (0)1628 673007
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