Falconstor Software (FALC) Reports Q1 Loss of $0.11
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FalconStor Software Announces First Quarter 2016 Results
April 27, 2016 4:06 PM EDTMELVILLE, NY -- (Marketwired) -- 04/27/16 -- FalconStor Software ® Inc. (NASDAQ: FALC), a market leader in software-defined storage, today announced financial results for its first quarter ended March 31, 2016.
"As ongoing industry trends continue to dramatically change the storage landscape, we experienced legacy product sales which were softer than desired; however, our new business initiatives grew by over 38%. Companies continue to evaluate their long-term strategies in regards to which technological approach best suits their business needs," said Gary Quinn, President,... More
