Strong Q1 2025 Performance Driven by 14% YoY Revenue Growth in Cloud Infrastructure and Disaster Recovery ServicesCloudFirst International Expansion Accelerated Through Strategic Partnership with PulsantConference Call to be held today at 11:00 am ET MELVILLE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) ("DSC” and the "Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the three months ended March 31, 2025.
These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding CloudFirst Technologies continuing to operate profitably on a standalone basis and serving as a scalable, recurring revenue engine; the collaboration with Pulsant positioning the Company to serve regulated and enterprise clients more effectively throughout the U.K.and Europe; and being well-positioned to scale the Company’s platform, expand its market presence, and create sustained long-term value; the Company building a scalable, differentiated platform in the enterprise cloud space; and the opportunities ahead and the potential to drive continued growth and success.
First Quarter 2025 Highlights Revenue was $8.1 million, driven by 14% year-over-year growth in Cloud Infrastructure and Disaster Recovery servicesGross profit totaled $2.86 million, maintaining consistent margin levelsAdjusted EBITDA* reached $497,000, reflecting operational disciplineCash and marketable securities were $11.1 million, with no long term debt "We are pleased to report our first quarter results, which reflect both solid financial performance and strategic progress,” said Chuck Piluso, CEO of Data Storage Corporation.
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