On a non-GAAP basis, the vendors net loss was $23 million, or 37 cents per share, compared to a net loss of $16.9 million, or 34 cents per share, in 2006.
For the third and fourth quarters, Isilons non-GAAP net losses were, respectively, $5.9 million, or 10 cents per share, and $6.6 million, or 11 cents per share. Analysts had predicted a fourth-quarter net loss of 9 cents per share.
It has been a difficult period for all of our stakeholders, explained Patel during last nights call, admitting that he was personally frustrated by the events of 2007.
The vendor, which went public in a blaze of publicity in late 2006, subsequently suffered weak financials , executive upheaval, and shareholder litigation.
Isilon has been keeping a low profile while its gets its house in order, and an audit committee eventually identified errors in the companys previous recognition of revenue.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
