Curated News
By: NewsRamp Editorial Staff
February 04, 2025

Skkynet Cloud Systems Reports Record Sales Growth and Profitability for Fiscal Year 2024

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Source News Release

TLDR

  • Skkynet Cloud Systems, Inc. achieved $2.56 million in revenue, positioning them well for continued growth in 2025.
  • Skkynet launched Cogent DataHub® V11 with new security features, expanded sales team, engaged in AI projects, and strengthened IP portfolio for growth.
  • Skkynet's secure industrial data solutions help businesses connect, monitor, and control systems in real time, promoting efficiency and safety.
  • Skkynet's innovative AI-driven projects and cutting-edge technologies are paving the way for future advancements in secure industrial connectivity.

Impact - Why it Matters

This news showcases the success and growth of Skkynet Cloud Systems, reflecting a strong demand for secure industrial data solutions. The company's achievements in revenue and net income, along with its focus on innovation and AI integration, signify its position as a leader in real-time data communications technology for industrial systems.

Summary

Skkynet Cloud Systems, Inc. announced record-breaking financial results for the fiscal year ending October 31, 2024, with $2.56 million in revenue and $99,090 in net income. The company's CEO, Andrew Thomas, highlighted the strong demand for secure industrial data solutions and the anticipation of continued growth in 2025.

Aarif Nakhooha, Senior Advisor to Skkynet, praised the company's focus on innovation and adaptation to market trends, especially in integrating AI technologies. Skkynet's President, Paul Thomas, emphasized the transformative year in 2024, marked by increased customer adoption and positive response to their latest innovations.

Skkynet remains at the forefront of digital transformation, providing secure real-time communication technologies for industrial automation and Industry 4.0, positioning itself as a trusted leader in secure industrial connectivity.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Skkynet Cloud Systems Reports Record Sales Growth and Profitability for Fiscal Year 2024

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