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BPO Management Services Announces Financial Results for Fourth Quarter and Full Year 2008
Date:4/1/2009

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  • BPOMS completed a planned infrastructure upgrade to its Pearl River data center facility in order to provide additional electrical capacity to support future customer processing requirements. With this upgrade in place the Company is now positioned to increase revenue generated by its ITO segment approximately four-fold, without incurring any significant capital expenditures.

    • BPOMS experienced continuing progress in its ECM business segment with significant improvements in both top- and bottom-line financial performance for Q4, as compared sequentially to the prior quarter. The Company anticipates continuing business improvement in this segment, yielding increasing revenues and bottom-line profitability in the coming quarters. The Company continues to focus on growing its recurring revenue content in this segment, reducing its historic reliance on one-time project implementations.

    • In its HRO segment, the Company continues to grow and transition into a "Software as a Service" (SaaS) business model with customers signing up to use its signature HRAdvocate Human Resource Information Systems (HRIS) offering hosted by BPOMS, under a multi-year contract arrangement, in order to manage their human resource function in a cost-effective manner.

    • As revenue grows and ongoing Company integration activities take hold, BPOMS continues to drive down SG&A as a percentage of revenue. This is an important trend that will continue as the Company grows its top line and integrates consolidated Company SG&A activities. This bellweather trend demonstrates the BPOMS operating leverage as incremental revenue drives increasingly higher margins going forward. As the Company grows its revenue base and achieves critical mass, SG&A as a percentage of revenue wil
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    SOURCE BPO Management Services, Inc.
    Copyright©2009 PR Newswire.
    All rights reserved

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