GlobalWise Investments, Inc. (GWIV) Reports Q1 2012 Results; Revenues Surge 51%
GlobalWise Investments, and its wholly owned subsidiary Intellinetics, a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management (ECM) systems in both the public and private sectors, today announced financial results for the three months ended March 31, 2012. The company’s total revenues for the period were $360,328, an increase of $121,202, or 51%, from the company’s first quarter 2011 results of $239,126. Moreover, gross profit increased $21,398 to $56,381 for the quarter as compared to $34,983 during the first quarter of 2011, a 61% increase. Total operating expenses increased by $780,852 for the…