Ottawa's Fidus reaches new heights in revenues and contract bookings26 April 2006
Fidus Systems earned record revenues of more than $1.4 million during its first quarter this year. Revenue rose 40 percent over that for the same period in 2005. The company just completed its eighth-consecutive profitable quarter.
The Ottawa-based electronic design services company also achieved a record for quarterly bookings, signing more than $1.5 million in new contracts for its services.
"Our new bookings include several large contracts with repeat customers, as well as a number of first-time engagements," says Michael Wakim, Fidus President. "The last three quarters have been the company's strongest for contract bookings. It's a tremendous achievement for our team."
Fidus backgrounder:
Fidus supplies expert-level electronic designs to companies that build electronics products. Its customers range from small start-ups and SMEs, to large multinationals in San Jose, Boston, New York, Ottawa, Montreal, Toronto, Winnipeg and Vancouver.
Fidus designs products from digital cameras to telephone equipment, trains, aircraft, biomedical instrumentation and industrial control systems - and more. Fidus provides complete product development, or targeted design of system architecture, hardware, FPGA, DSP, software and firmware, and printed circuit board layout, as well as high-speed signal integrity analysis. Visit Fidus at www.fidus.ca.
For further information: Michael Wakim, President, (613) 828-0063 x 369, Cell: (613) 762-8904, Michael.Wakim@fidus.ca; Don Moncion, VP Business Management, (613) 828-0063 x 336, Cell: (613) 769-4006, Don.Moncion@fidus.ca; Denise Allen, Director of Communications, (613) 828-0063 x 312, Cell: (613) 355-7035, Denise.Allen@fidus.ca
Source: newswire
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