FalconStor Software Announces Second Quarter 2018 Results Including Operating Profitability for Four Consecutive Quarters
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: GlobeNewswire
AUSTIN, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- FalconStor Software, Inc. (OTCQB: FALC), a market leader in software-defined storage and data management, today announced financial results for its second quarter ended June 30, 2018. Key Financial Highlights for the Second Quarter of Fiscal 2018: Non-GAAP Operating Income increased to $0.2 million from a Non-GAAP Operating Income (Loss) of ($0.4) million in the second quarter of 2017, marking the fourth consecutive quarter of Non-GAAP Operating profitability.Non-GAAP Gross Margin increased to 84% from 74% in the second quarter of 2017.Cash and cash equivalents increased to $4.0 million from $1.0 million at December 31, 2017. Key Product Highlights FalconStor recognized by CRN in its 2018 Software-Defined Data Center 50 list, which recognizes companies whose innovative offerings provide a hardware-agnostic approach to complex IT management, including centralized control of data storage and protection.Over 20 key hardware and softw
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