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Netezza Announces First Quarter Fiscal 2010 Financial Results

Thursday, May 28, 2009

Netezza Corporation, the global leader in data warehouse and analytic appliances, today reported its financial results for the first fiscal quarter ended April 30, 2009.

“In spite of the challenging economic environment, we are pleased that Netezza performed well during our first fiscal quarter. Our customers continue to derive significant business benefit from our products as they use the technology to drive some of their most strategic business processes,” said Jim Baum, Netezza’s President and Chief Executive Officer.

Total revenue for the first quarter of fiscal 2010 increased 15% to $45.4 million compared with $39.6 million for the same period one year ago. GAAP net loss for the first quarter of fiscal 2010 was $0.2 million compared with GAAP net income of $2.1 million for the same period one year ago. GAAP diluted net loss per share for the first quarter of fiscal 2010 was $0.00 compared with GAAP diluted net income per share of $0.03 for the same period one year ago. Non-GAAP net income for the first quarter of fiscal 2010 was $1.6 million compared with $3.8 million for the same period one year ago. Non-GAAP diluted net income per share for the first quarter of fiscal 2010 was $0.03 compared with $0.06 for the same period one year ago.

Article sourced from www.netezza.com, click here to read full story.

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