The Company closed the quarter with $52.3 million in cash, cash equivalents and marketable securities, which is an increase of $11.3 million compared with the previous quarter. Deferred revenue at March 31, 2007, increased to $17.8 million, or by 17%, compared with the previous quarter, and by 76% compared with the same period a year ago.
"We are pleased with the impressive year-over-year growth rate of our sales by product, channel and geography. The consistent top-line and bottom-line expansion is a direct result of our operating efficiency and discipline," said Reijane Huai, Chairman and CEO of FalconStor. "We are confident that our continuing investment in R&D, sales, marketing and technical services will enable us to sustain our technological leadership and our business momentum, and should yield the best ROI for our shareholders and our business partners."
FalconStor Software Inc.