Isilon Systems (NASDAQ: ISLN) Message Board

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Technology Stocks : Isilon Systems (NASDAQ: ISLN)

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From: bob zagorin	4/22/2010 1:01:40 PM
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UPDATE 1-Isilon swings to Q1 profit, beats Street 9:13am EDT * Q1 adj EPS $0.04 vs est $0.00 * Revenue up 46 pct April 22 (Reuters) - Storage and data management software maker Isilon Systems <ISLN.O> swung to a quarterly profit that beat market expectations, helped by an increase in sales in Europe, the Middle East and Africa (EMEA) and Asia. For the first quarter, the company reported net income of $1.1 million, or 2 cents a share, compared with a net loss of $10.4 million, or 16 cents a share, a year earlier. Excluding items, it earned 4 cents a share. Revenue rose 46 percent to $39.3 million. Analysts on an average were expecting the company to break even, on revenue of $35.1 million, according to Thomson Reuters I/B/E/S. Shares of Isilon -- which enables enterprises and research organizations to manage large amounts of file-based data -- closed at $10.41 Wednesday on Nasdaq. (Reporting by Megha Mandavia in Bangalore; Editing by Maju Samuel)

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