Welcome to our dedicated page for FalconStor Software news (Ticker: FALC), a resource for investors and traders seeking the latest updates and insights on FalconStor Software stock.
FalconStor Software, Inc. (FALC) is a data protection software company focused on hybrid cloud and IBM Power environments, and its news flow centers on product innovation, IBM ecosystem alignment, and recurring revenue progress. Company announcements highlight FalconStor as a trusted provider of enterprise data protection for IBM Power workloads running on-premises, in IBM Power Virtual Server, and in IBM Cloud, with solutions that address backup, disaster recovery, data mobility, and long-term retention.
News items for FALC commonly include financial results updates, where management discusses hybrid cloud annual recurring revenue run-rate, the shift toward subscription and consumption-based revenue models, and the mix of recurring revenue. These releases provide insight into how the business is evolving from one-time perpetual licenses to recurring contracts and how that transition affects revenue stability.
FalconStor’s news also covers product and technology milestones, such as the launch of Habanero, a SaaS offering for secure offsite data protection for IBM Power customers, and certifications of its StorSafe and StorGuard products with IBM Storage Ceph to support AI data lake use cases with IBM watsonx. These updates describe capabilities like backup optimization, storage virtualization, hybrid and multi-cloud data protection, and integration with IBM technologies.
Another recurring theme in FALC news is partner ecosystem development. The company reports growth in its global IBM-aligned partner base, strategic agreements with technology services firms, and the use of its IBM watsonx-based assistant, FalconStor Thomas, by IBM partners in multiple countries. For investors and technology professionals, following FalconStor news provides context on its role in IBM’s hybrid cloud and AI ecosystems, the scale of its IBM Power customer footprint, and its progress in building a recurring revenue business model. Bookmark this page to monitor ongoing earnings releases, product announcements, and partnership developments related to FALC.
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FalconStor Software Reports Q4 2022 Results
FalconStor Software, Inc. (OTCQB: FALC) announced a 20% increase in hybrid cloud annual recurring revenue (ARR) run-rate for Q4 2022 compared to Q3 2022, with a significant 222% rise year-over-year. The company generated $2.5 million in total revenue for Q4, a decrease from $3.1 million in Q3 2022, and a decline from $3.7 million in Q4 2021. However, net income was positive at $20,000, contrasting with a loss in the previous year. The total revenue for 2022 was $10.1 million, down from $13.9 million in 2021. FalconStor is optimistic about future growth through its partnership with IBM and continued focus on hybrid cloud solutions.
FalconStor Software, Inc. (FALC) reported its third-quarter 2022 financial results, achieving total revenue of
FalconStor Software (OTC-PINK: FALC) announces its Q2 2022 financial results, reporting total revenue of
FalconStor Software, Inc. (OTCQB: FALC) announced a strategic reseller partnership with IBM, positioning itself in the hybrid cloud data protection market. This collaboration aims to enhance data migration and backup services for IBM Power Virtual Server Cloud clients. In addition, FalconStor added four new managed service provider (MSP) partners to its StorSafe solution. Financially, the company reported a 4% year-over-year increase in Annual Recurring Revenue (ARR) but saw total revenue decline from $3.8 million in Q1 2021 to $2.0 million in Q1 2022. The guidance for total revenues for 2022 was adjusted downwards to between $13 million and $14 million.