Violin Memory (VMEM) Tops Q4 EPS by 1c; Announces Restructuring Plan
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Violin Memory Announces Fiscal Fourth Quarter and Fiscal Year 2016 Financial Results and Restructuring Plan
March 10, 2016 4:04 PM ESTSANTA CLARA, CA -- (Marketwired) -- 03/10/16 -- Violin Memory®, Inc. (NYSE: VMEM), a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, today announced financial results for the fiscal fourth quarter and fiscal year ended January 31, 2016.
Violin Memory today also announced a restructuring plan focused on aligning its expense structure with current revenue expectations. In connection with the restructuring plan, the Company reduced headcount by approximately 25% from the ending headcount as of October 31, 2015. The Company has... More
