It remains to be seen exactly how Data Domain will fare over the coming months, although the 451 Group's Robinson predicts a rosy future for the company. "We project Data Domain will close out this year with revenue of at least $120m, two-and-a-half times the revenue it generated in 2006," he writes. "Coming out of the gate with a valuation of about $770m, we expect Data Domain will garner a ten-digit market capitalization in short order."
Profitability nonetheless remains an issue, and there are no indications as to when the de-dupe trailblazer will be in the black. Data Domain suffered a net loss of $4 million last year and $1.5 million for the first quarter of 2007, according to documents filed with the SEC. As of the end of March this year, the firm had an accumulated deficit of more than $38 million.
Not so long ago, IPOs were like no-hitters in baseball -- an all too-infrequent, yet headline-grabbing event that seemed to defy the odds. With an improving economic climate, and an increasingly confident tech sector, public offerings are now much more common; although, for Data Domain, the really hard work has only just begun.
James Rogers, Senior Editor Byte and Switch
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.
