Cloud backup solutions maker FalconStor will soon hold its earnings call for its fourth fiscal quarter. The company, which has gone through a lot of turbulence in 2010 and 2011, will have to reaffirm shareholders and analysts that’s its still going strong in an industry that is rapidly evolving, thanks to a constant flurry of new trends.

“After the close of market on Tuesday, March 13, 2012, FalconStor Software, Inc. (Nasdaq: FALC), will announce financial results for the fourth quarter and full year 2011, which ended December 31.”

Most of the drama that has surrounded FalconStor was during the harsher times the company had to steer through, involving  former CEO Reijane Huai, who was also one of the co-founders of the company. He eventually stepped down after an admission that certain “inappropriate payments” exchanged hands between his camp and a client while negotiating a contract.  Investors responded by filing more than one lawsuit against FalconStor, some of which passed down to Jim McNiel, the executive who took Huai’s seat at the head of the backup and recovery firm. The story came to a very bitter end in September last year.

In retrospect, while FalconStor is still recovering its new leadership management to move on. In the months approaching 2012 it has made several positive moves, including an agreement partnership with Fujitsu to integrate its NAS admin software into the latter’s portfolio. FalconStor’s app is resold by Fujitsu and its resellers as an add-on to the ETERNUS DX disk storage systems the Japanese hardware maker provides.

A week after that update we’ve learned that Falcon’s list of new initiatives in 2011 paid off – the firm has managed to meet up with analysts’ consensus estimate of $0.06 earnings per share. On the same day it also hired a new executive.