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FIO Message Board

  • febru3012 febru3012 Jan 31, 2013 10:30 AM Flag

    21% drop in annual revenues. 51% of revenue from aapl and fb. more drop ahead before end of fy....

    Sales in the period that ends in March will be about $80 million, and the operating loss will be $10 million to $15 million excluding certain items, Fusion-io said in a statement yesterday. Analysts on average had estimated sales of $137.7 million and operating profit of $16.7 million, according to data compiled by Bloomberg.

    The forecast reflects reduced orders from its two largest customers, Apple Inc. and Facebook Inc., which shifted the timing of their purchases, Salt Lake City-based Fusion-io said. Apple and Facebook together account for 51 percent of the company’s business, and have decided to be more “efficient” with their spending the next two quarters, Fusion-io Chief Executive Officer David Flynn said in an interview.