View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
November 4, 2010

Dot Hill Q3 revenue decreases to $62m

Operating loss increased to $1.3m for Q3 2010

By CBR Staff Writer

Dot Hill has reported net revenue of $62m for the third quarter of 2010, a marginal decrease of 3.1% compared to $64m for the same period last year.

The company posted an operating loss of $1.3m for the third quarter of 2010, compared to an operating loss of $1.2m for the same period last year.

For the third quarter ended 30 September 2010, the company posted net loss of $1.3m, compared to a net loss of $1.1m for the period a year ago.

Net loss per diluted share remained flat at $0.02 for Q3 2010.

Dot Hill president and CEO Dana Kammersgard said he is pleased to report that they achieved non-GAAP operating profit in the third quarter.

"Delivering profitability is an important event for us and a goal that we have been working towards for a long time," Kammersgard said.

Content from our partners
The growing cybersecurity threats facing retailers
Cloud-based solutions will be key to rebuilding supply chains after global stress and disruption
How to integrate security into IT operations

"While we have a lot of work ahead of us, we believe that our Q3 results demonstrate the viability of our strategy and represent the potential for a new beginning for Dot Hill."

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU