August 28, 2008
Netezza Reports Record Q2 Revenue
By Matthew L. Brown
Marlborough-based Netezza Corp.'s second quarter net income swung to $3.1 million from a net loss of $1.1 million a year ago, the company reported.
The data storage company also reported a dramatic 65 percent revenue increase to $47 million from $28.4 million in the second quarter of 2007.
The company said it was raising its revenue expectations for the fiscal year from $172 million to $182 million. In addition to its Marlborough headquarters, the company has operations in Washington, D.C., the United Kingdom and Asia.
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