Crossroads Systems (CRDS) Tops Q1 EPS by 2c

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Crossroads Systems Reports Fiscal First Quarter 2016 Financial Results

March 10, 2016 4:05 PM EST

AUSTIN, Texas, March 10, 2016 /PRNewswire/ -- Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data storage solutions, reported financial results for its fiscal first quarter ended January 31, 2016.

Revenue for fiscal Q1 2016 was $2.0 million, compared to $2.2 million in the same quarter a year ago. The decrease is primarily attributable to lower OEM SPHiNX and RVA product... More