[May 06, 2013] Fusion-io reports higher net loss for Q3, provides guidance for Q4 Tweet May 06, 2013 (Datamonitor via COMTEX) -- Fusion-io Inc., a provider of data center solutions, has reported that net loss for the third quarter ended March 31, 2013 was $20.05 million, or $0.21 loss per share, compared to a net loss of $4.68 million, or $0.05 loss per share, for the same quarter ended March 31, 2012. For the fourth quarter of fiscal 2013, the company expects revenue to be approximately $110 million. Revenue for the third quarter ended March 31, 2013 was $87.65 million, compared to $94.24 million for the same quarter ended March 31, 2012. Net loss for the nine months ended March 31, 2013 was $14.38 million, or $0.15 loss per share, compared to a net loss of $3.20 million, or $0.04 loss per share, for the same period ended March 31, 2012. Revenue for the nine months ended March 31, 2013 was $326.33 million, compared to $252.75 million for the same period ended March 31, 2012. For fiscal 2013, the company expects revenue to be approximately $435 million. "We are pleased by our traction this quarter, driven by strength in our core business as well as our healthy pipeline of new hyperscale customers," said David Flynn, Fusion-io chairman and CEO. "With the acquisition of NexGen Storage, Fusion-io is aggressively expanding into the small to medium enterprise market with a hybrid solution that cost-effectively achieves the performance of an all-flash array. NexGen's hybrid storage system creates growth opportunity in an important market segment and strongly complements our portfolio of software defined, open systems." Dennis Wolf, Fusion-io CFO, added: "This past quarter we had four customers each order in excess of $5 million and twelve customers each order more than $1 million in verticals ranging from cloud services to telecommunications to the public sector. Our ioScale product is showing notable traction as customers supporting cloud and Big Data applications appreciate our software systems capabilities that offer them a very compelling ROI on their datacenter infrastructure spend." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]