Electronic answering service provider Conrad Electronics Services Inc. said its annual results for 2016 were “shocking” with revenue of $6.5 billion, up 7.2% from the previous year.
Revenue for the third quarter of 2016 rose 4.1% year-over-year.
Conrad said it had grown its revenues for the year by more than 10% from $1.6 billion in 2015 to $2.7 billion in 2016.
Conrad’s chief executive officer, John Schindler, said the company had made a number of strategic changes and investments, including a shift from digital to traditional manufacturing.
Conrad is one of the top five digital manufacturing service providers in the U.S. with over 20,000 employees.
Conrad also said it will invest in technology that makes it easier for manufacturers to manufacture in-house.
The company said it expects to hire more than 1,000 people to help it expand its manufacturing capacity.
Constantine said it would hire about 1,400 people to improve its manufacturing operations.
It has already hired about 1.5% of its workforce in its Florida facility.
The company has been a leader in the digital manufacturing space for decades, having grown from a company that sold analog phone and modem parts to a provider of digital manufacturing equipment to the Internet of Things.
Conrad has been one of only two companies that has made significant investments in manufacturing automation technology, according to its annual report.
Constant updates on Conrad Electronics services are posted on Conrad’s website, www.conrad-electronics.com.
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