Fusion-io Preps for Second Earnings Call After Successful IPO
Flash storage acceleration solutions maker Fusion-io is getting ready for its first earnings call for the first quarter of fiscal year 2012. This is the second time the company will report its earnings since going public back in June, so a lot of1 shareholders and analysts will be monitoring how Fusion-io has managed in the past three months.
“Fusion-io, developer of a next generation storage memory platform for shared data decentralization, today announced that it will report financial results for the fiscal first quarter 2012 after the U.S. financial markets close on Wednesday, November 2, 2011. “
Despite the low rating the company’s website got on a test by Coach Wei that measured the loading times of the sites belonging to some of the tech companies that filed for an IPO in the past 12 months, its public offering made it to one of the top spots this year. The company’s stock, which stood at $19 on June 9, almost doubled to a closing high of $33 on the day of its IPO. The company offers a lot of performance bundled into its chips, and the sheer demand was enough to get investors interested. On November 2 Fusion-io will reveal where it’s standing now.
Fusion-io made several significant moves since June in an effort to further boost its market position. It launched ioCache at VMworld 2011, a combination of its hardware and virtualized caching software by ioTurbine, which it acquired only weeks before the announcement. CEO David Flynn noted that this is actually the real reason Fusion went public: it needed more capital to acquire the firm.
Fusion-io also had news from the more recent Oracle OpenWorld. It added an atomic write extension to its storage subsystem OS, which trims the two-part write process to only one.
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