FalconStor Software (FALC) Reports Q2 Loss of $0.05

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Go back to FalconStor Software (FALC) Reports Q2 Loss of $0.05

FalconStor Software Announces Second Quarter 2016 Results

July 27, 2016 4:05 PM EDT

MELVILLE, NY -- (Marketwired) -- 07/27/16 -- FalconStor Software® Inc. (NASDAQ: FALC), a market leader in software-defined storage, today announced financial results for its second quarter ended June 30, 2016.

"The storage industry landscape continued its transformation during the second quarter of 2016. We saw a reasonable recovery in overall performance sequentially from Q1 2016 and we saw significant growth in our new business initiatives for FreeStor® subscription model which grew over 200% sequentially" said Gary Quinn, President and... More