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Wednesday, Oct 24
2012, 6:43 PM
During its FQ1 call, Fusion-io attributed its soft FQ2 guidance to a $10M order that was moved...
During its FQ1 call, Fusion-io attributed its soft FQ2 guidance to a $10M order that was moved up. Had that order filled in FQ2, guidance would be above consensus ... but FQ1 revenue would have also missed. Also mentioned: Facebook and Apple were 56% of revenue, and OEM partner H-P another 14%; the Cisco and NetApp partnerships are expected to provide a fiscal 2H lift, and the company hopes to benefit from the dissolving of the H-P/Violin Memory deal. FIO -9.9% AH. (FQ1 results: I, II)