Fusion-IO Earnings: Everything You Must Know Now

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Fusion-IO, Inc. (NYSE:FIO) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.

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Fusion-IO, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.03 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Decreased 6.94% to $87.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fusion-IO, Inc. reported adjusted EPS loss of $0.03 per share. By that measure, the company beat the mean analyst estimate of $-0.07. It beat the average revenue estimate of $80.48 million.

Quoting Management: “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 chief executive officer. “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.”

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