Enterprise imaging solutions developer PaxeraHealth announced strong preliminary revenue growth for the 2019 fiscal year as well as operating efficiencies.
The company's revenue in fiscal 2019 increased by 55% in comparison to 2018. This growth is primarily driven by transformation towards higher value projects won in the United States and LATAM regions. The company also showed robust results in the Middle East, African and European markets. Overall, 172 new projects were won in the second half of 2019, and have been strongly supported by innovative product launches and doubling the size of the company’s sales and support teams in key markets.
“2019 was a tremendous year of growth, innovation, and execution at PaxeraHealth,” said Dr. Mohamed Shoura, Founder and CEO. “Our preliminary 2019 results reflect a solid underlying business with further client and geographic diversification, and provides steady momentum as we head into 2020 and beyond,” Dr. Shoura added.
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PaxeraHealth Corp. is a world-class medical imaging solutions developer based in Boston, MA. The company's top priority is leveraging leading-edge technology to develop next generation medical imaging solutions, including AI-based Enterprise Imaging and PACS solutions. These systems are designed to automate clients' workflow, elevate patient care, and cut departmental imaging costs.