In spite of the economic downturn, the Company is realizing increased revenue growth from its existing client base and adding new clients
CloudCommerce, Inc., a leading provider of digital advertising solutions, today announced that in spite of the economic downturn caused by the COVID-19 pandemic, the Company has recently increased revenue from its existing client base and added new clients within the past few weeks.
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“As was the case with most business leaders, our management team was concerned about the economic headwinds caused by the COVID-19 pandemic,” said Andrew Van Noy, CEO of CloudCommerce. “However, I am pleased to announce that our recent sales efforts have resulted in newfound revenue growth for CloudCommerce. As the economy begins to re-open, we are also seeing existing clients ramp up their digital advertising budgets. The strong trend to digital media and away from traditional media appears to be accelerating – helped by the pandemic. We look forward to helping more businesses leverage digital advertising to be more competitive and successful in a post-pandemic world.”
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Mr. Van Noy continued, “Another bellwether signaling the health of the digital advertising market is the performance of The Trade Desk. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. For its first quarter ended March 31 and reported on May 7, The trade Desk delivered 33% year-over year revenue growth and strong EBITDA margins. All this in spite of the COVID-19 pandemic.”
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