Fusion-IO (FIO)

[eastunder]

Fusion-IO Rising: FYQ2 Revenue, EPS Beat; Q3 Rev View Light


By Tiernan Ray

Enterprise solid-state storage technology vendor Fusion-io (FIO) this afternoon reported fiscal Q2 revenue and earnings per share that topped analysts’ expectations.

Revenue in the three months ended in December fell 22%, to $94.5 million, yielding a net loss of 6 cents per share.

Analysts had been modeling $89.1 million and a 10-cent loss per share.

CEO Shane Robison said he was “pleased” with the results, which “demonstrate validation of our go-to-market strategy, continued traction with our OEM and ISV partners.”

For the current quarter, the company sees revenue “in-line to slightly up” from last quarter’s level. That is slightly below the current consensus for the March quarter of $98.9 million.

Shares of Fusion-io are up 28 cents, or almost 3%, at $9.70, in late trading.