Fusion.io posts 3Q loss; outlook weak, CFO is leaving

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http://www.nbcnews.com/id/53356856/ns/business-us_business/

Flash storage pioneer Fusion.io posted a third quarter loss Wednesday night with revenue dropping 27 percent year over year and said its CFO and EVP Dennis Wolf will be leaving the company. The company reported a loss of $27.9 million (28 cents pershare) compared to a profit of $3.9 million (4 cents a share) for the year-ago period. Wolf is leaving to join Datastaxa privately-held company, according to Fusion.io.

The stock was off more than 25 percent Thursday, to $9.62 per share.

This post was updated at 9:17 a.m. PDT to reflect Wolf’s new job.

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