View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
March 9, 2009

Netezza Q4 net income up

Revenue up 28%

By CBR Staff Writer

Netezza Corporation, a provider of data warehouse appliances, has reported that GAAP net income was $22.8m, or $0.37 per diluted share, for the fourth quarter ended January 31, 2009, compared to $3.4m, or $0.05 per diluted share, for the same period in fiscal 2008.

Total revenue for the fourth quarter of fiscal 2009 increased 28% to $50.6m, compared with $39.5m for the same period in fiscal 2008.

GAAP net income attributable to common stockholders for the full fiscal year 2009 was $31.5m, or $0.50 per diluted share, compared with a GAAP net loss attributable to common stockholders of $0.9m, or $0.03 per diluted share, for fiscal year 2008. Total revenue for the full fiscal year 2009 increased 48% to $187.8m, compared with $126.7m for fiscal year 2008.

Patrick Scannell, senior vice president and CFO of Netezza, said: We are very pleased with our fourth quarter and year-end results. We have strengthened our business on multiple fronts over the course of this past year. We are very well positioned competitively and we continue to gain market share. During the year we added 88 new customers, and have built a maintenance revenue stream in excess of $44 million annually, with 99% of our customers on that program.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address 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.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU