Avtex Announces Strong First-Quarter Results


Avtex Announces Strong First-Quarter Results

Avtex engaged with several new customers and partnered with Microsoft®and Interactive Intelligence on significant opportunities during Q1, driving earnings up 106%

MINNEAPOLIS--(BUSINESS WIRE)-- Avtex, a national provider of customer experience technology solutions, today announced financial results for the first quarter of its 2013 fiscal year. According to Avtex CFO Chris Kumsher, the results confirm the company's encouraging growth track, building on the momentum of a strong finish to 2012.

"We realized strong top-line growth and a very positive impact to our core earnings compared to Q1 of last year, as we continue to experience unprecedented demand for Avtex solutions," Kumsher said. "With a strong backlog and sales pipeline, we are highly optimistic that this trend will continue."

Key first-quarter activity included securing several large custom software projects for which Avtex will develop intellectual property through its application development practice. In addition, Microsoft brought in Avtex as a partner on several large customer experience projects involving the Microsoft Dynamics CRM platform.

Avtex President George Demou sees the strong Q1 performance as more evidence that the company's single-source customer experience technology messaging is resonating in the marketplace.

"Although businesses see the value of embracing a customer experience strategy, many have been reluctant to adopt the latest technologies due to the cost, complexity and hassle of working with multiple vendors and platforms," Demou said. "Avtex is unique in that it makes all of the necessary technology and expertise available from a single resource. This allows businesses to focus on how they want to improve customer experiences, rather than how they will support the underlying technology. That is where we step in and get it all working smoothly on our clients' behalf.

"Avtex offers the right capabilities, the right partnerships and the right strategy, all at the right time," Demou continued. "It is an exciting period in this company's history."

About Avtex
Avtex, a Pohlad Family Company, provides professional services and strategic consulting encompassing a full 360° suite of solutions including user experience design, application development, unified communications, contact centers, portals, and customer relationship management. Driven by technology know-how and passionate about customer experience, Avtex is uniquely qualified to help clients deliver exceptional experiences to their customers using technology. Backed by strategic partnerships with Microsoft and Interactive Intelligence, Avtex is truly a breadth and depth provider of customer experience technology solutions. Find out more about Avtex online at www.avtex.com or follow Avtex on Twitter at @avtex.

Media Contact:
Beth Ingebretson, 952-646-0780

KEYWORDS: United States North America Minnesota


The article Avtex Announces Strong First-Quarter Results originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.