Welcome to our dedicated page for Data Storage news (Ticker: DTSTW), a resource for investors and traders seeking the latest updates and insights on Data Storage stock.
Data Storage Corporation (DTSTW) provides mission-critical cloud storage and disaster recovery solutions for regulated industries. This news hub offers investors and technology professionals centralized access to official corporate developments and market-moving updates.
Track all essential announcements including quarterly financial results, strategic partnerships, and product innovations in cloud infrastructure and data protection. Our curated feed includes press releases covering service expansions, compliance certifications, and operational milestones that demonstrate DTSTW's leadership in secure data management solutions.
Key update categories include enterprise cloud deployments, disaster recovery enhancements, and cybersecurity advancements. Stay informed about the company's progress in hybrid cloud environments, AI-driven automation tools, and critical infrastructure protection technologies.
Bookmark this page for real-time access to verified information about DTSTW's business trajectory. Monitor how the company addresses evolving data security challenges while maintaining compliance with global regulatory standards.
Data Storage Corporation (Nasdaq: DTST) announced that CEO Chuck Piluso will participate in the Benzinga All Access event on April 20, 2023, at 11:00 AM Eastern Time. This event, which can be viewed live here, blends interviews with investor presentations, showcasing insights from executives across various sectors. Data Storage Corporation specializes in business continuity solutions, including disaster recovery, cloud infrastructure, and cybersecurity services, catering to a diverse clientele from industries like government, education, and healthcare. The company is recognized as a leader in the growing business continuity market, leveraging subscriptions to ensure stable revenue streams. For more details, visit their official website here.
Data Storage Corporation (Nasdaq: DTST) reported a robust financial performance for the year ended December 31, 2022, achieving a 60% increase in revenue to $23.9 million. The CloudFirst subsidiary generated $11.5 million in revenue with a 27% EBITDA margin and $1.9 million in net income. CEO Chuck Piluso emphasized strategic initiatives aimed at growth, focusing on recurring revenue streams and cybersecurity services. The company maintains a strong balance sheet with $11.3 million in cash and short-term investments, positioning itself as a market leader in cloud-based solutions. A conference call is scheduled for March 31, 2023, to discuss these results further.
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