- IZEA Worldwide (NASDAQ:IZEA) has announced that its Managed Services team secured contract bookings totaling $10.3M in the second quarter of 2024, a 40% increase from $7.3 million in the second quarter of 2023.
- Managed Services reported a robust 46% year-over-year growth in the first half of the fiscal year, achieving $19.6M in net bookings compared to $13.3M during the same period in 2023.
- The Co. expects improving overall financial performance in the back half of 2024 as it begin to see the benefits from these bookings.
- The Co.’s pipeline remains strong, with the addition of multiple new managed services clients, including a new Fortune 50 customer.
- “While we benefited from some of our acquisitions in the quarter, more than 90% of these bookings were generated organically, underscoring the underlying strength of IZEA’s core offering.” said Ted Murphy, CEO.
2024-07-08