Business

Fusion-io’s earnings are down but might be ‘less lumpy’ as Spotify & Box sign up

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Flash storage company Fusion-io had its quarterly earnings call today, and the news wasn’t great. In its earnings report, Fusion-io tallied $87.7 million in revenue — a 7 percent year-over-year decrease and a big old 27 percent drop from last quarter’s revenues, which were in excess of $120 million.

The only things on the rise were net loss, which totaled $20 million for the quarter, up from $4.7 million the quarter before, and headcount, with 36 new employees taking checks from Fusion-io.

But Fusion-io is also announcing Spotify and Box as new customers. Big names like these, said company reps, will help to bolster and smooth out future earnings.

The company also revealed an acquisition today: NexGen Storage, a developer of hybrid storage systems. Fusion-io reps said this deal will help it to better target small- and medium-sized enterprises (SMEs).

A big focus of today’s call was Fusion-io’s ioScale product, which launched this January. ioScale is intended to make all-flash data centers a practical solution for companies that rely on high-performance hardware. Each one of ioScale’s units provides up to 3.2 terabytes of Fusion ioMemory capacity, with prices starting at $3.89 per gigabyte and minimum orders of one hundred units.

Fusion-io still has $355 million in cash and equivalents, inventory worth $71 million, and $7 million in operating cash flow.

Fusion-io, which makes products in cloud computing, big data, and virtualization, first went public in 2011, raising $233 million after taking $115.5 million in three rounds of venture capital.

The company is headquartered in Salt Lake City, Utah, with offices in San Jose, Calif., and Superior, Colo.

Image credit: Fusion-io


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