Fusion-io, Inc. (NYSE:FIO), a provider of a next-generation shared data decentralization platform, today announced its financial results for the fiscal first quarter ended September 30, 2011.
Fiscal First Quarter 2012 GAAP Financial Results
Fusion-io reported revenue of $74.4 million for the fiscal first quarter of 2012, up 175% from $27.0 million for the same quarter of 2011 and up 4% from $71.7 million for the prior quarter. Net income for the fiscal first quarter of 2012 was $7.2 million, or $0.07 per diluted share. This compared to a net loss of $5.8 million, or a net loss per diluted share of $0.46 in the same quarter of 2011. Gross margin for the fiscal first quarter 2012 was 63.2% compared to 43.0% for the same quarter of 2011. Operating margin for the fiscal first quarter of 2012 was 6.3%.
Fiscal First Quarter 2012 Non-GAAP Financial ResultsNon-GAAP net income for the fiscal first quarter of 2012 was $15.1 million, or $0.15 per diluted share. This compares to a non-GAAP net loss of $4.9 million, or a net loss per diluted share of $0.39 in the same quarter of 2011. Non-GAAP gross margin for the fiscal first quarter 2012 was 63.3% compared to 43.0% for the same quarter of 2011. Non-GAAP operating margin for the fiscal first quarter 2012 was 21.7%. A complete reconciliation of GAAP to non-GAAP results is set forth in the attachment to this press release. “Fusion-io’s industry-leading solutions address the data supply problem enterprises face as they struggle to meet the growing demand to process more data faster,” said David Flynn, Fusion-io chairman and chief executive officer. “The acceleration of cloud computing and virtualization is only exacerbating this challenge for IT departments around the globe. We believe we are well positioned to lead the transformation in data delivery by helping organizations deliver the right data, to the right application, at the right time, and doing so with a compelling return on investment.”
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