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29 Jul 2010
Compellent has seen its revenues rocket by 27 per cent year on year, according to the storage vendor's second quarter financial results.
The company’s revenues topped $36.5m (£23.4m) during Q2, which represents a year-on-year increase of $7.8m and a 15 per cent rise on the previous quarter.
Compellent's net non-GAAP income topped $1.5m during Q2 and that its customer install base grew by 182 to 2,124 end users.
Further reading
News of the results comes hot on the heels of Compellent announcing earlier this year that it is working towards becoming the next $1bn storage vendor.
Phil Soran, chief executive of Compellent, said he was pleased with the company’s Q2 performance.
"I'm very pleased with this growth quarter and our positive trajectory,” he said. "In the last three months, 182 organisations chose Compellent over larger competitors' systems because they recognised the value of an efficient storage platform."
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