Russ McMeekin, a graduate of Sault College of Applied Arts and Technology and Stanford University, has led operations at Universal mCloud Corp. in San Francisco, California, as chief executive officer since 2016. Under the direction of Russ McMeekin, Universal mCloud has enjoyed considerable growth.
This past summer, the company reported a number of strong second-quarter results. Speaking to Proactive Investors in Vancouver, Canada, Mr. McMeekin and chief accounting officer Darren Anderson highlighted a 26 percent increase in consolidated revenues, from $2.4 million in Q1 2018 to $3 million in Q2. The organization also continued to enjoy healthy gross margins of 64 percent, thanks largely to a strategic model that emphasizes the acquisition of innovative, high-margin companies in the technology sector.
Following the success of Q2, the Universal mCloud team is strongly committed to continued growth, particularly in international markets. In past years, the company has expanded throughout the United States and into Canada; more recently, the international focus has transitioned to China and other Asian markets.
This past summer, the company reported a number of strong second-quarter results. Speaking to Proactive Investors in Vancouver, Canada, Mr. McMeekin and chief accounting officer Darren Anderson highlighted a 26 percent increase in consolidated revenues, from $2.4 million in Q1 2018 to $3 million in Q2. The organization also continued to enjoy healthy gross margins of 64 percent, thanks largely to a strategic model that emphasizes the acquisition of innovative, high-margin companies in the technology sector.
Following the success of Q2, the Universal mCloud team is strongly committed to continued growth, particularly in international markets. In past years, the company has expanded throughout the United States and into Canada; more recently, the international focus has transitioned to China and other Asian markets.
