Estimated reading time: 0 minutes, 42 seconds

SILVERSUN REVS RISE 4 PERCENT Featured

Revenue for SilverSun Technologies, parent of reseller SWK Technologies rose by 4 percent for the second quarter ended June 30. That stemmed from a combination of a 6.9-percent drop in service revenue and a 5.8-percent rise in product revenue, the company reported this week

SilverSun lost $103,046 in the most recently ended period., compared to a net income of $130,289.  It did not cite a specific product line as having an impact on results. SilverSun described the decline in service revenue this way: “These decreases are mainly attributed to lower maintenance revenues and lower consulting revenues, primarily because of project delays and postponements on the part of our customers as a result of challenges within their own businesses, including employee retention and general economic conditions impacting their organizations." Sales and marketing expenses rose the waning of the pandemic led to increased travel to trade shows

Read 742 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.