Data Storage Corporation (NASDAQ:DTST) Q4 2022 Earnings Call Transcript

Matthew Galinko: Got it. Thanks. Last question for me is just on the hiring environment. You mentioned, adding to the team particularly in sales I think. Is it easier today to add is the current environment we’re in supportive of expanding headcount in the areas where you want to?

Chuck Piluso: Nothing’s easy today. No one wants to talk on the phone. It’s everybody wants to have a video call, which you can’t get a good feel for. But I will tell you, just as an example Verizon laid off, a number of people in a certain market segment. I had two — I like to see everybody by the way, that’s being hired. And I actually had follow-up interviews off of Nexxis for two individuals that were laid off from Verizon. I don’t know how many that John Camello actually interviewed total, but the two individuals that I interviewed were both excellent. So, I think this layoff environment that’s going on by these very large companies that treat everybody as a number, which we don’t. We try to bring everybody into our culture and our environment.

These two individuals were excellent. And I believe that John will be bringing them on Board, but that’s HR and John Camello. But I did do the last interviews and they were both excellent, if we can get more candidates like that. So, as these layoffs continue, I think it’s only an opportunity for us at the Company.

Operator: We have reached the end of the question-and-answer session. I’d now like to turn the call back over to management for closing remarks.

Chuck Piluso: Thank you, Rob. To wrap up, while, we continue to generate strong year-over-year revenue growth have preserved a solid balance sheet, we intend to deploy capital efficiently and effectively to accelerate our growth and remain at the forefront of this industry. We have taken the steps to streamline the organization and reduce redundant cost, which should be apparent as early as the first quarter of 2023. And we are excited about the outlook for the business and we look forward to providing further updates as developments unfold. I’d like to thank everyone for joining us today and have a great day.

Operator: This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.

Chuck Piluso: Thank you, Rob.