Google

Canada Business Window

Friday, January 25, 2008

QHR Announces Support Revenue of $2,150,000 for 2008

KELOWNA, BRITISH COLUMBIA-(Marketwire)- Jan. 25, 2008) - QHR Technologies Inc. (TSX VENTURE:QHR) -

Mr. Al Hildebrandt, President and CEO of the Company, is pleased to report that the Company's wholly owned subsidiary, QHR Software Inc. has increased its support and recurring revenue for 2008 to approximately $2,150,000.

Annual support services billings for 2008 is up $100,000 from 2007 and represents the sixth consecutive year with growth in this important revenue area. The growth of annually recurring support service revenue is being fuelled by the addition of new clients and the adoption of additional HR functionality by existing clients. The progress of the financial contribution of support agreements to the ongoing financial health of QHR can be demonstrated as follows:



---------------------------------------------------------------------------
2008 2007 2006 2005 2004 2003
---------------------------------------------------------------------------
Support
Revenue $2,150,000 $2,050,000 $1,750,000 $1,400,000 $1,000,000 $750,000
---------------------------------------------------------------------------

Support revenue provides a reliable annual source of capital for the operations of the Company. The combination of recurring revenue from HR software and its Electronic Medical Record software now exceeds $3,850,000 annually.

For a more complete business and financial profile of the Company, management encourages interested parties to visit the Company's website, www.QHRtechnologies.com.

Labels:

Add to Technorati Favorites

0 Comments:

Post a Comment

<< Home