INFINIDAT, the leading independent provider of petabyte-scale enterprise data storage solutions, today announced its Q2 2017 results, reporting 250% GAAP revenue growth in Q2 2017 compared to Q2 2016. Q2 was also the most profitable and second highest revenue quarter in the company's history.
"INFINIDAT customers added 156 petabytes of capacity in the second quarter alone, which was also our most profitable quarter on record," said Moshe Yanai, Chairman and CEO. "I'm very proud to say that the relentless innovation, hard work, and financial discipline of our 500 employees have enabled us to build the highest capacity, most profitable independent enterprise storage company in the world."
"Petabyte-scale enterprise is by far the fastest growing segment of the data storage industry, and will remain so for the next decade," said Izhar Sharon, INFINIDAT President. "Our value proposition, business model and customer efficacy are proving themselves every day. We've achieved profitability while most of our industry peers continue to report significant losses."
INFINIDAT achieved strong growth in all geographies served, with particularly strong performance in North America, the UK and Latin America. Worldwide, over 32% of sales came from new customers -- up from 25% in Q1. INFINIDAT has now shipped over two exabytes of capacity worldwide with the InfiniBox™ enterprise data storage system and continues to grow its customer base in all markets and industry segments.
INFINIDAT continued to achieve significant sales traction in key vertical markets in Q2, reporting 750% Y/Y growth in Banking, 220% in Cloud, 105% in Healthcare, and 207% in Telecommunications. INFINIDAT added several new customers in Q2, including Allina Health, CenterState Bank, ITG Brands, Playtech, and MAHLE GmbH.