FalconStor Software Announces Fourth Quarter and Full Year 2023 Results
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: Business Wire
Strong revenue growth, net income, and cash generation15% year-over-year increase in total GAAP revenue for full year 2023214% year-over-year increase in total hybrid cloud ARR run-rate for full year 20238% net income for full year 2023 AUSTIN, Texas--(BUSINESS WIRE)--FalconStor Software, Inc. (OTCQB: FALC), a trusted data protection leader modernizing disaster recovery and backup for the hybrid cloud world, today announced financial results for its fourth quarter and full year 2023, which ended on December 31, 2023.“We are pleased with the progress we made in Q4 and throughout 2023, as our hybrid cloud data protection solution sales continued to grow,” said Todd Brooks, FalconStor CEO. “Our hyper-focus on IBM Power customers, and partnership with IBM, are driving adoption of FalconStor’s data protection and migration technology throughout the IBM global ecosystem. Our joint solutions enable IBM customers across the globe to optimize data protection within each of their operating e
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