Isilon Systems, which helps companies such as MySpace, NBC and Kodak EasyShare store digital content, reported $26.9 million in first quarter revenue. That's up 11 percent over the same period last year, but down 15 percent compared to the previous quarter. The Seattle company also reported a net loss of $10.4 million for the quarter, up slightly from $10.1 million for the same period last year.
"The first quarter of 2009 proved to be a time when global economic uncertainty and softening business conditions led customers to delay or reduce capital expenditures," Isilon CEO Sujal Patel said in a statement. Shares of the company edged up about five percent in after hours trading.
Isilon -- which laid off 10 percent of its staff earlier this month -- also announced that Bill Richter has been named as CFO. It finished the quarter with $76 million in cash and cash equivalents.
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