Momentum’s Managed Services Revenue Rises Nearly 50%
Momentum Advanced Solutions Inc., a publicly held IT service provider in Canada, says its 2Q managed services revenue jumped 48% to $2.24 million, up from $1.51 million for 2Q the previous year. I’m assuming the results are in Canadian dollars. Regardless, the percentage growth is impressive and reassuring for those promoting managed services.
While Momentum focuses primarily on Web hosting and managed Web services, the company’s business model reinforces growing interest in predictable outsourced IT services.