GEX announces strong 2021 first quarter results


Dallas, Texas, June 3, 2021 (Global News Service) – GEX Management Company (OTC:GXXM) Is a Dallas-based management consulting company that announced the end of the strong fiscal season ending March 31, 2021 after solid results for the 2020 fiscal year. The company’s multi-pronged growth plan and extensive business development plan have increased its revenue for the quarter ending March 2021 by more than 200% compared to the same period last year. Despite the challenging business environment driven by the pandemic, sales in fiscal 2020 have almost doubled compared to the previous fiscal year. In addition to strong revenue figures, the company’s gross profit margin for fiscal year 2020 has also achieved a steady growth of 13% compared with the previous fiscal year, and will continue to maintain a strong gross margin level until 2021.

Sri Vanamali, CEO of GEX, said: “As many of our global consulting and professional services business peers are adversely affected by the coronavirus pandemic, GEX has not only achieved vigorous development, but also expanded its business operations, despite facing global supply Many challenges in the chain. This success is attributed to our focus on developing high-quality products and services for corporate customers, improving end-to-end process and operational efficiency through targeted cost rationalization measures, and quickly adapting to a virtual business Environment without affecting the quality of service of our customers and business partners.”

In addition, in the past two years, GEX has invested significant resources in restructuring and reorganizing its operations and staffing infrastructure-this initiative has begun to show extraordinary results, as evidenced by the continued strong sales figures in the past few quarters at this point. In terms of expanding business lines, GEX has established a solid strategic path, including providing cutting-edge enterprise technology solutions for global Fortune 50 customers, developing a strategic roadmap for VC-supported high-growth technology startups, and providing C-Suite executives Provides strategies for companies to achieve organic and inorganic growth through long-term corporate consulting executive-level participation.

“These corporate growth and cost rationalization initiatives have exceeded our initial goal of almost doubling these numbers in the same period of time, thus achieving a year-on-year sales growth of more than 50%, and at the same time every three quarters Maintained an average of more than 80% in all quarters,” Sriwanamali said. “In addition to our steady revenue and profit margin expansion efforts, we also continue to significantly reduce the outstanding debt on the balance sheet, remove most of the toxic debt and debt-like instruments carried over from previous years, and begin to build a strong The balance sheet is ready for exciting organic and inorganic strategies, as we look forward to the next phase of our growth journey.”

About GEX Management

GEX Management, Inc. is a management consulting company that provides high-end strategy and corporate technology consulting solutions for public and private companies in various industries.

Information about forward-looking statements

The statements of non-historical facts contained herein are forward-looking statements within the meaning of the Federal Securities Act (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can use “expected”, “intended”, “plan”, “project”, “believe”, “estimated”, “likely”, “likely”, “likely”, “target,” “opportunity”, “target”, “Objectives”, “Assumptions”, “Prospects”, “Guidelines”, “Forecasts”, “Appearances”, “Indicators” and similar expressions. Forward-looking statements involve many risks and uncertainties. In the normal course of business, in order to To help our shareholders and the public understand our operations, GEX Management, Inc. may issue such forward-looking statements orally or in writing from time to time. Generally, these statements are related to business plans or strategies, expectations or expectations of such plans or strategies Earnings or other consequences, or forecasts involving expected revenue, earnings, profits, pricing, operating expenses, or other aspects of operating results. Our forward-looking statements are based on our expectations, estimates, and forecasts at the time such statements are made. These statements It is not a guarantee of future performance and involves risks and uncertainties that we cannot predict. In addition, many of our forward-looking statements are based on assumptions about future events, which may prove to be inaccurate. In such forward-looking statements The actual results of the described future events may differ materially from the results described in such forward-looking statements.

SOURCE GEX Management, Inc.
Media Contact:
John Godwin
Director of Customer Relations
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