Tech Stock Alert: Fusion-io (NYSE:FIO) Soars on Fourth Quarter Results

New York, New York - August 10, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research including tech stocks issues a trading and news alert for Fusion -io (NYSE:FIO) following fourth quarter results. The stock soared to a morning high of $27.48 and is trading at $27.15, up $6.13 or 29.16% as of 10:50AM EDT on over 10 Million shares. The 52- week high for the stock is $41.74.

Summary:

• Revenue: $359.3 million in fiscal 2012 (an increase of 82% over fiscal 2011)
• GAAP Net Loss per Diluted Share: 6 cents in fiscal 2012 (compared to earnings of 6 cents in fiscal 2011);
• Non-GAAP Net Earnings per Diluted Share: 35 cents in fiscal 2012 (compared to 20 cents in fiscal 2011)
• Operating Cash Flow: $34.8 million in fiscal 2012 (compared to a use of $9.9 million in fiscal 2011)
• GAAP Gross Margin of 57.5% and Non-GAAP Gross Margin of 57.6% for the fiscal fourth quarter 2012

About Fusion-io
Fusion-io delivers the world's data faster. Our Fusion ioMemory platform and software defined storage solutions accelerate virtualization, databases, cloud computing, big data and performance applications. From e-commerce retailers to the world's social media leaders and Fortune Global 500 companies, our customers are improving the performance and efficiency of their data centers with Fusion-io technology to accelerate the critical applications of the information economy.
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