Print
Email
Print Edition Stories
Wednesday, July 28, 2010
Voltaire revenue vaults on Ethernet, Infiniband switches
By Rodney H. Brown
IBM aims to make wireless sensors easy to code
Billerica-based gigabit switch maker Voltaire Ltd. is reporting solid revenue growth for the second quarter of 2010, bringing in $16.58 million in that period, versus $10.75 million in Q2 2009. CEO Ronnie Kenneth called out the company’s investment in InfiniBand and now Ethernet as a main driver for the growth.
The revenue growth helped Voltaire (Nasdaq: VOLT) cuts its losses for the second quarter of this year to $1.73 million from $2.9 million in the same period in 2009. At the end of the quarter Voltaire had $7.7 million on hand, and had cut its quarterly burn rate to just under $3 million from just under $6 million in Q2 2009.
In June of 2009, Voltaire -- mostly known for InfiniBand switches -- rolled out its first pure-play Ethernet switch, aimed at interconnecting servers in large commercial data centers. The switch can handle 288 10 gigabit per second Ethernet streams.
Founded in 1997, Voltaire reported 202 employees as of March.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
