Brief: Intercloud Systems says identified error related to a customer payment received in Q2 2015

InterCloud Systems

31/05/2016 22:06

May 31 (Reuters) - Intercloud Systems Inc  ICLD.O  
    * Says the error resulted in an understatement of revenue in 
amount of $0.7 million 
    * During audit process for year ended Dec 31, 2015, co 
identified an error related to a customer payment received in Q2 
of 2015 
    * Revenue and cost of goods sold associated with that 
transaction were not properly recognized during Q3 of 2015 
 
Source text for Eikon: (http://1.usa.gov/1UfCHLm) 
Further company coverage:  ICLD.O  
 
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