MELVILLE, NY--(Marketwired - July 27, 2016) - #FalconStor Software® Inc. (FALC), a market leader in software-defined storage, ( #SDS )today announced financial results for its second quarter ended June 30, 2016. "The storage industry landscape continued its transformation during the second quarter of 2016. We saw a reasonable recovery in overall performance sequentially from Q1 2016 and we saw significant growth in our new business initiatives for FreeStor® subscription model which grew over 200% sequentially" said Gary Quinn, President and CEO. "That said, we saw improvements in all routes to market for OEM, MSPs, and new enterprise customers, as well as the beginning of some existing enterprise customer conversions to FreeStor. We remain committed to driving our new business initiatives with FreeStor through the rest of 2016 and are adjusting to the marketplace with fiscal responsibility."
http://finance.yahoo.com/news/falconstor-software-announces-second-quarter-200500586.html
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