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Isilon Hits Financial Bumps

Isilon continues to cope with the rough sailing that goes with being a public company

It has been another tough week for clustering specialist Isilon, which lowered its preliminary third quarter results, citing weaknesses in its European business and tight wallets at key customer Kodak.

Earlier this week, the vendor announced that its third quarter revenues will be between $23.2 million and $23.7 million. Isilon had previously predicted revenues between $25 million and $27.5 million.

This week the vendor also predicted a GAAP net loss per share of 10 cents to 12 cents for the quarter and non-GAAP net loss of between 8 cents and 10 cents.

Analysts had estimated a net loss of 3 cents per share on revenues of $26.8 million.

The vendor, which went public late last year, has had a bumpy ride over subsequent quarters. 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.

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