BlueArc barges into the black
Makes first profit
Hardware-accelerated and scale-out filer supplier BlueArc has made a profit for the first time in its history, on the back of record quarterly and full year revenues.
The company recorded undisclosed but record revenues for its fourth quarter, which finished at the end of January, being 40 per cent higher than the year-ago quarter. It also reported record full year revenues with revenues growing for each quarter in the year.
The company sold well into its customer base with one customer, LA-based Inhance Digital, ordering a 48TB BlueArc box and increasing its capacity four fold in just six months. BlueArc said it more than doubled its customer count over the year, helped by a big increase in sales through Hitachi Data Systems as well as through other VARs.
This company is flying and the scale-out filer supplier sector is hot - witness EMC buying Isilon recently. I bet we hear hints of a BlueArc IPO soon. ®