LONGMONT, Colo., May 9, 2013 (GLOBE NEWSWIRE) -- Dot Hill Systems Corp. (Nasdaq:HILL), a leading provider of SAN storage solutions, reported financial results for the first quarter 2013, ended March 31, 2013. Non-GAAP First Quarter 2013 Financial and Operational Highlights:
- Net revenue from Vertical Markets grew 20% compared to fourth quarter 2012;
- Non-GAAP gross margins were 32.1%, as compared to 28.3% for the fourth quarter 2012, and the highest gross margin in over five years;
- Operating expenses were relatively flat as compared to first quarter 2012 and declined relative to fourth quarter 2012;
- Company returns to breakeven.