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    Compellent’s Year-over-Year Revenues Grow by 60%

    By
    Chris Preimesberger
    -
    February 12, 2009
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      Congratulations to CEO and co-founder Phil Soran and the Compellent data storage company for a sparklingly good quarterly report released Feb. 11.

      Compellent makes intelligent, automated SANs (storage area networks) for enterprises that allow the user to deploy Fibre Channel or iSCSI — or a combination of both connectivity forms. Highlights of the report:

      –Revenue of $27.0 million represented the company’s 13th consecutive quarterly increase. Revenue grew 60 percent from the fourth quarter of 2007 and 10 percent sequentially from the third quarter of 2008.

      –End users numbered 1,278 at Dec. 31, 2008, compared with 740 at year-end 2007.

      –Cash and investments totaled $100.3 million at Dec. 31, 2008, exceeding $100.0 million for the first time.

      Compellent’s still relatively small but growing fast, as is obvious by the numbers. The downturn, at least at this point, hasn’t affected it.

      Let’s hope this kind of success rubs off on lots of other people, too.

      Chris Preimesberger
      https://www.eweek.com/author/cpreimesberger/
      Chris J. Preimesberger is Editor Emeritus of eWEEK. In his 16 years and more than 5,000 articles at eWEEK, he distinguished himself in reporting and analysis of the business use of new-gen IT in a variety of sectors, including cloud computing, data center systems, storage, edge systems, security and others. In February 2017 and September 2018, Chris was named among the 250 most influential business journalists in the world (https://richtopia.com/inspirational-people/top-250-business-journalists/) by Richtopia, a UK research firm that used analytics to compile the ranking. He has won several national and regional awards for his work, including a 2011 Folio Award for a profile (https://www.eweek.com/cloud/marc-benioff-trend-seer-and-business-socialist/) of Salesforce founder/CEO Marc Benioff--the only time he has entered the competition. Previously, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. He has been a stringer for the Associated Press since 1983 and resides in Silicon Valley.

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