Annese & Associates Inc. in Clifton
Park announced mid-year earnings of over
$35.99 million in revenue and $2.29 million in
net profits, at a ratio of 6.37 percent of revenue.
Company officials said that while its product
resale business has grown by 22.3 percent over
the first half of 2012, Annese’s own Branded Services
division has noted substantial increases
across all of its lines of business, from professional
service engagements (up 9 percent),
managed service contracts (up 98 percent,
nearly doubling since last year), product resale,
and maintenance renewal contracts.
While the corporation’s sales pipeline develops anywhere from one to 18 months in advance of contract and order closings, the results are also attributable in part to Annese’s newly launched five-year strategic plan, which refocused the company’s core competencies around network infrastructure, data center virtualization, and collaboration, with a concentration on cloud and managed service offerings.