Nimble Storage Sees Revenues Rise 110% YoY

Nimble Storage reported revenue of $46.5 million for its first quarter of fiscal 2015, compared to $22.1 million in the first quarter of fiscal 2014, representing growth of 110% year-over-year. Non-GAAP Gross Margin of 66.2% for the first quarter of fiscal 2015, compared to 61.8% in the first quarter of fiscal 2014. GAAP net loss for the fiscal first quarter was $19.6 million, or $0.28 per basic and diluted share, compared with a net loss of $9.4 million, or $0.47 per basic and diluted share in the fiscal first quarter of 2014.

"Our performance during the first quarter of fiscal year 2015 continues to validate our belief that a major transition is underway within the storage industry driven by flash as a disruptive ingredient.  Our execution during the quarter underscores our belief that we have built the leading next generation flash storage platform," said Suresh Vasudevan, chief executive officer, Nimble Storage.

The company recently announced that more than 200 enterprise customers have implemented its SmartStack converged infrastructure solutions to accelerate deployment and eliminate risks associated with their datacenter infrastructure. Since late 2012, Nimble Storage has rolled out a series of SmartStack solutions, built on Cisco UCS and pre-validated through ecosystem partners including Citrix, Microsoft, Oracle, and VMware.

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