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Compellent Reports 74% Increase

EDEN PRAIRIE, Minn. -- Compellent Technologies, Inc. (NYSE Arca: CML) today announced its financial results for the second quarter ended June 30, 2008. Revenue for the second quarter of 2008 was $21.0 million, up 74 percent from $12.1 million in revenue for the second quarter of 2007, and an increase of 15 percent from the first quarter of 2008. This represents the eleventh consecutive quarter of sequential revenue growth.

Gross margin was 54.1 percent, an increase of 6.3 percentage points from the second quarter of 2007 and 1.9 percentage points from the first quarter of 2008. Net loss was $603,000, or $(0.02) per share, for the second quarter of 2008 compared with a net loss of $1.9 million, or $(0.45) per share, for the second quarter of 2007.

For the first six months of 2008, revenue totaled $39.3 million, an 88 percent increase from $20.9 million through the first six months of 2007. Net loss was $2.2 million, or $(0.07) per share in the first half of 2008 compared with a net loss of $4.1 million, or $(0.95) per share, for the same period in 2007.

We continue to generate robust growth in revenue, new end user additions, and increased margins despite the slowdown of IT spending in the U.S.,” said Phil Soran, president and CEO of Compellent. “Demand for our cost-effective and energy efficient storage remains strong, driven by our ability to offer sophisticated data management, protection and recovery features typically required by large enterprises to a broad range of customers.”

Compellent Technologies Inc.