Netezza Corporation, a provider of data warehouse appliances, has reported revenues of $33.4 million for the third quarter ended October 31, 2007, a 44% rise compared to $23.2 million for the same period in the prior year.
Net income for Q3 2007 was $1.6 million compared with a net loss attributable to common stockholders of $3 million for the same period in the prior year. GAAP diluted net income per share for Q3 was $0.02 compared with a GAAP diluted net loss per share of $0.20 for the same period one year ago.
Revenue for the first three quarters ended October 31, 2007, was $87.2 million, an increase of 65% compared with $53 million for the same period in the prior year. Net income attributable to common stockholders was $4.3 million compared to $12 million in the corresponding period of the previous year.
Jit Saxena, chairman and CEO of Netezza, said: We are extremely pleased with Netezza’s solid performance in our third quarter with record revenues, new customer growth and increased earnings.