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| Who We Are - Press Release |
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AcuityCFO Reports Record 2007 Financial Results
Company Accelerates Growth with Solid 2007 Performance
January 31, 2008, Atlanta, GA: AcuityCFO, a trusted independent financial partner working within small and mid-market companies to create sustainable business benefits, today announced record-breaking financial performance for the year ending December 31, 2007.
Since its inception in 2004, the company has consistently achieved double digit growth in both revenue and gross margin. The company’s performance in 2007 continued that trend with unprecedented revenue, billable hours and new business growth.
For the year, consulting revenues increased by 39% over 2006 results. Much of this growth is attributed to the solid performance in the company’s Accounting Services division, which saw a 73% increase in year-over-year revenues. Fourth quarter 2007 performance was also outstanding as revenues increased 49% over the same quarter in 2006.
The company continued to add to its already strong client base, engaging 16 new clients last year. New business had a significant impact on the company’s performance, representing 26% of the company’s overall revenue for the year. Billable hours also increased dramatically, up 49% over 2006.
“Our unique approach to financial services delivery has caught the attention of many of the region’s emerging growth companies,” said Stewart Brooks, managing partner of AcuityCFO. “The flexibility, consistency, and quality of service we provide are the cornerstones of our success. We are committed to hiring the best talent to support our client base, and we look to 2008 with a great deal of optimism for the continued success of AcuityCFO and our clients”.
About AcuityCFO
AcuityCFO is a hands-on professional services firm that responds to the unique needs of small and mid-market private companies by providing sound financial leadership and assistance in building high-performance accounting teams. With broad financial experience and a commitment to the utmost levels of integrity, continuity and personal attention, AcuityCFO helps clients to be good stewards of their company resources. The company addresses routine processes and strategic business endeavors of each client, working closely with internal and third party financial supports to improve operations at every level of the financial engine. Actionable and involved with every relevant financial component, AcuityCFO offerings cover strategic part-time CFO services and accounting staff support. For more information about AcuityCFO, please visit www.acuitycfo.com.
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