Post by Chris Mellor (thank you) over at El Reg
Hybrid array high-flier Nimble Storage has upped its revenues by 110 per cent annually – but deepened its losses by 109 per cent, as it eschews profits for growth.
In its first fiscal 2015 quarter revenues were $46.5 million compared to $41.7 million in the previous quarter and $22.1 million a year ago. The net loss was $19.6 million, a good deal deeper than the prior quarter’s $13.2 million loss and the year-ago quarter’s $9.8 million in red ink.
Read on here