It’s a great day for the shareholders of Fusion-io (NYSE:FIO). On news of its fiscal fourth-quarter earnings, the stock price soared roughly 30% by late Friday trading. At more than $27, Fusion-io now is trading well above its $19 pricing when it came public more than a year ago.
Fusion-io develops enterprise Flash storage solutions focused on the datacenter for companies like Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB), and it looks like there will be uptake in demand from other marquee players such as IBM (NYSE:IBM) and Dell (NASDAQ:DELL).
In the quarter, Fusion-io’s quarterly sales gapped up to $106.6 million from $71.7 million in the year-ago period, and adjusted earnings came to 9 cents per share — both creamed Street forecasts for $95.8 million in revenues and EPS of 4 cents.
For 2013, Fusion-io projects revenue growth of 45% to 50%, again, much better than consensus estimates for 37%.
Fusion-io continues to get lots of traction from its new platform, the ioDrive2. It not only provides big improvements in performance, but the price tag is affordable. A key to ioDrive 2 is that the platform leverages low-priced commodity servers.
Since its IPO, Fusion-io has more than doubled its customer count to over 3,500 and has products in 59 countries. The company also has seen aggressive with partnerships; recent deals with NetApp (NASDAQ:NTAP) and Cisco (NASDAQ:CSCO) should provide a long-term boost to growth.
Tom Taulli runs the InvestorPlace blog IPOPlaybook, a site dedicated to the hottest news and rumors about initial public offerings. He also is the author of “All About Short Selling” and “All About Commodities.” Follow him on Twitter at @ttaulli. As of this writing, he did not own a position in any of the aforementioned securities.