Beacon Enterprise Solutions Group, Inc. (BEAC) Forecasts 30% Growth for Fiscal 2011; Continued Reduction in SG&A Expenses
Beacon Enterprise Solutions Group, Inc., provider of fully integrated, turnkey IT infrastructure solutions capable of fully servicing the largest companies in the world, recently told investors that it anticipates exceeding 30% year-over-year growth in net sales for the fiscal year ended September 30, 2011. The previous year’s net sales totaled approximately $14 million. Furthermore, SG&A expenses are expected to be significantly lower than the previous year. The company said it anticipates gross profit margin for the fourth quarter to range between 35% - 40%, which is in line with the company's expectations. “Our continued growth reflects our improved sales and…