Isilon, mostly known for their so-called “scale-out NAS” solutions, has just posted their Q2 results for 2009. Year-on-year revenue is up 3%, increasing from $28.2 million in the second quarter of 2008 to $29.0 million. Their press release suggests they might benefit from the economic slowdown:
“Isilon’s solid second quarter revenue growth and close management of operating expenses have enabled us to continue our steady progress toward profitability,” said Sujal Patel, President and Chief Executive Officer, Isilon Systems. “Our strong gross margin in Q2 and improving EPS primarily reflect improvements in our supply chain and services management. They also reflect a growing awareness of the value that Isilon’s scale-out NAS platform is creating for customers. At a time when enterprise IT buyers are required to meet ever-growing business demands with shrinking capital and operating budgets, Isilon’s scale-out NAS solutions provide clear and compelling economic and business value.”
While this sounds logical, I’m not quite sure this logic holds up in corporate boardrooms; most storage vendors offer solutions that are supposed to scale well. Still, increased revenue in these times isn’t bad at all.
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