Despite its promise to reach break even sometime this year, the plan hasn't panned out. After a rocky first quarter, Isilon was also hit by losses in the second quarter, which it attributed to deal slippage and the need to ramp up its sales training.
Earlier this month, the vendor was forced to lower its preliminary third-quarter results, citing weaknesses in its European business and tight wallets at key customer Kodak.
"[This is] an effort by the company to get back on track after several disappointing quarters and delayed profitability post its IPO," wrote Goldman Sachs analyst Laura Conigliaro in a note released this morning, adding that it is too early to predict what changes Isilon's new management will make.
Despite the current upheaval, the analyst believes that Isilon's core technology remains a viable proposition for users. "Isilon's problems have centered more around execution and expectations than around its market or its products, both of which we view as attractive," she wrote.
Isilon's decision to push out its earnings announcement just one day before it was due nonetheless creates an air of uncertainty. "The pressure is likely to build on the company to either fix its internal issues as quickly as possible or seek some other alternatives," wrote Congiliaro.
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.
