Although the $868 million solution provider grew revenue 84 percent, the slower economy has impacted the company's recent earnings. In August, the company reported first quarter 2010 revenue declined 27.6 percent from the year-ago period to $130.2 million. The lower revenues reflect continued softness in demand, in addition to customers delaying purchase commitments.
"We were disappointed with the weaker-than-anticipated sales for the quarter. The lingering malaise in IT spending negatively impacted product and service revenue across the board," said Martin Ellis (pictured), president and CEO, in a statement.