Isilon financial results "set records for revenue, gross margin, income and new customers"
05 Feb 2010
Isilon managed to break a number of its own records during the final quarter of 2009. Its revenue for the three months to December 31st was up by 23 per cent to $37.5 million (£23.8 million), while gross margin was 57.6 per cent compared with 56.9 per cent and 57.1 per cent in previous quarters, according to the firm's financial results published this week.
The highly promising picture was completed by net income, which for the first time recorded a profit - $0.1 million - as opposed to a $4.9 million loss and $2.5 million of cash flows generated from operations, up from $0.9 million previously.
Sujal Patel, president and chief executive officer at Isilon, says: "Isilon's fourth quarter set records for revenue, gross margin, income and new customers. We're pleased with the validation of our business model that these results provide."
Isilon's popularity has soared in recent months, with one example of its use coming at Digitalsmiths. The archiving company - which specialises in storing old footage from Hollywood - selected Isilon IQ to unify its "massive" collection of film last month.
For further information on Isilon, please click here.
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