Although BakBone is a small fry with little brand recognition among giants such as Veritas Software Corp. (Nasdaq: VRTS), Legato Software, IBM Corp. (NYSE: IBM), Computer Associates International Inc. (CA) (NYSE: CA),
and Hewlett-Packard Co. (NYSE: HPQ) in the backup-and-recovery space, the company gained momentum in the last year, particularly in the growing Linux and disk backup markets (see SAN Vendors Scope Linux). It reported net income of $603,000 or $0.01 EPS in its December quarter after losing $2.2 million or $0.04 in the same period the previous year. BakBones revenue of $7.9 million for the quarter was 61 percent higher than the $4.9 million in revenue from the previous year. With three straight profitable quarters, the company has erased nearly all of its $2 million debt from a year ago.
BakBone also scored impressive wins with Yahoo Inc. (Nasdaq: YHOO)
and Toyota,
replacing Veritas at Yahoo (see Yahoo Picks BakBone ). Network Appliance Inc. (Nasdaq: NTAP) is pushing BakBone software with its NAS systems as an alternative to Legato, which is owned by NetApp hardware rival EMC Corp. (NYSE: EMC). Along with NetApp, BakBone has significant OEM deals with NCR Corp.
and Sony Corp. (NYSE: SNE).
Dave Raffo, Senior Editor, Byte and Switch
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