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BladeLogic, which completed its IPO last month, reported its first results as a public company last night, posting solid revenue growth. (See BladeLogic Reports Q3, BladeLogic Announces IPO Pricing, and Storage Funding Finds Its Feet.)
The data center automation vendor's third quarter revenue was $16.2 million, up from $7.8 million in the same period last year. Analysts had estimated earnings of $14.3 million.
BladeLogic's losses also narrowed over the same period, with the vendor posting a third quarter net loss of 3 cents per share on a loss of $272,000, compared to losses of 27 cents per share and $2.96 million in the third quarter of 2006. Analysts had estimated break-even earnings per share.
The vendor, which promotes its software as a way for users to centrally manage and provision servers and storage devices, raised just under $80 million in its recent IPO. (See BladeLogic Announces Alliance, Onaro, BladeLogic Team, Right90 Selects BladeLogic, and Storage Left Out of CMDB Loop.)
Speaking on a conference call last night, BladeLogic CEO Dev Ittycheria painted a rosy picture of the vendor's first few weeks as a public company. "We had a terrific quarter -- the company has experienced significant organic revenue growth."
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