FalconStor Software Announces Third Quarter of 2024 Results
FALCONSTOR SOFTWARE (FALC)
US:NASDAQ Investor Relations:
falconstor.com/page/559/investor-press-releases
Company Research
Source: Business Wire
Continued Revenue, Net Income, and Hybrid Cloud ARR Run-Rate Growth over Trailing Twelve Months7% increase in Revenue for trailing twelve months99% increase in Hybrid Cloud ARR run-rate for trailing twelve months$1.6 million increase in Net Income for trailing twelve months$1.0 million increase in Cash for trailing twelve months AUSTIN, Texas--(BUSINESS WIRE)--FalconStor Software, Inc. (OTCMarkets.com: FALC), a trusted data protection leader modernizing data protection and intelligence for the hybrid cloud world, today announced financial results for its third quarter of 2024, which ended on September 30, 2024.“Our Q3 results highlight the ongoing strength of our Hybrid Cloud ARR run-rate growth across Cloud, On-Premises, and MSP segments, reflecting the effectiveness of our strategy and solutions,” said Todd Brooks, CEO of FalconStor Software. “Our partnership with IBM has continued to thrive, highlighted by our participation in IBM’s TechXchange 2024 conference, where we jointly
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