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Record Year for Viacloud in 2007
March 31, 2008
The year 2007 was a record year for Viacloud, with revenues more than doubling and profit margins growing at a healthy rate. Mr. Marwan Tabbara, an Executive Director at Viacloud, stated that “we are extremely proud of Viacloud's development and growth in recent years and particularly in 2007. Despite being a fast growing telecom venture, Viacloud has managed to control its costs and maintain excellent network quality and customer service which has enabled the company to achieve financial results that are above the Board's expectations.” Commenting on the year's performance, Mr. Mutaz Otaibi, Viacloud’s General Manager, stated that “we have been very careful about managing growth in a sensible way through ensuring the right processes are in place to launch new products and enter new markets without compromising the financial integrity of the company. We look forward to the many more record years to come."
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