Fusion-IO Earnings: Everything You Must Know Now
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%.
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.”
Key Stats (on next page)…