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July 30, 1997updated 05 Sep 2016 1:01pm

ZITEL SAYS REVENUE CLIMB OF 15.9% IS NOT FAST ENOUGH

By CBR Staff Writer

Data storage outfit Zitel Corp says that although growth in its third quarter was slow it is pleased with business conducted in the period and is confident about the company’s future prospects. The Fremont, California firm saw revenue rise 15.9% in the quarter to $2.2m and 8.5% in the nine months. Zitel’s data storage infrastructure is apparently now in place and a number of large contracts were won in the period. The third quarter also saw the completion of three acquisitions of software companies in Europe and the US, which generated some $13m in net sales in the 12 months preceding the acquisitions. The companies, along with the Zitel’s Performance And Modeling Inc subsidiary, now make up the company’s Datametrics Systems division. The company also said that it has been slow to break into the Year 2000 market, but the third quarter saw good progress and said it has managed to significantly reduce the amount of time it requires to process customer test code.

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