3PAR (NYSE: PAR), a leading global provider of utility storage, recently reported results for the third quarter of fiscal year 2009, which ended 31 December 2008. Revenue for the third quarter was $48.2 million, an increase of 57% compared to revenue of $30.8 million for the same period a year ago, and an increase of 7% compared to $45.1 million in the prior quarter, which ended 30 September 2008.
For the third quarter of fiscal 2009, GAAP net income was $461 000, or $0.01 per share compared to GAAP net loss of $1.9 million, or ($0.05) per share for the same period in the prior year. Non-GAAP net income, which excludes the impact of stock-based compensation expense, for the third quarter of fiscal 2009 was $2.3 million, or $0.04 per share, compared to non-GAAP net loss of $664 000, or ($0.02) per share for the same period in the prior year.
“The strong financial results we report for the third quarter of fiscal 2009 result from a continued focus on fiscal discipline and reflect the unique value that 3PAR Utility Storage brings to organisations that need to do more with less in challenging economic times,” said David Scott, Chief Executive Officer. “As data centres have continued to look for new ways to economise, they have continued to turn to 3PAR to lower CAPEX and OPEX by reducing disk capacity purchases, energy costs, and storage administration effort by up to 80%.”
“We are continuing to see strong growth in sales and increased interest in 3PAR utility storage in the local market,” adds Adam Day, Product Manager at SYSDBA. “I believe the 3PAR ethos of only purchasing storage you actually need sits well with the requirement to drastically cut IT spend.”
3PAR utility storage is available in South Africa via SYSDBA. Further information on the 3PAR storage is available at http://www.sysdba.com, or e-mail info@sysdba.com for details on what benefits 3PAR can bring to your organisation.
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SYSDBA
Founded in 1996, SYSDBA specialises in utility storage, consolidation and virtualisation. SYSDBA focus on providing solutions and services that help to optimise utilisation of resources within the data centre across servers, storage and networks. In designing solutions, SYSDBA has chosen products, defined as visionary by the industry analysts, and offer significant value over traditional solutions.
3PAR
3PAR (NYSE Arca: PAR) is the leading global provider of utility storage, a category of highly virtualised, tightly, and dynamically-tiered storage arrays built for utility computing. Organisations use utility computing to build cost-effective virtualised IT infrastructures for flexible workload consolidation. 3PAR Utility Storage gives customers an alternative to traditional arrays by delivering resilient infrastructure with increased agility at a lower total cost to meet their rapidly changing business needs. As a pioneer of thin provisioning - a green technology developed to address storage under-utilisation and inefficiencies - 3PAR offers products designed to minimise power consumption and promote environmental responsibility. With 3PAR, customers have reduced the costs of allocated storage capacity, administration, and SAN infrastructure while increasing adaptability and resiliency. 3PAR Utility Storage is built to meet the demands of open systems consolidation, integrated data life cycle management, and performance-intensive applications.