Infinidat Delivers Strong 1FH23 Growth

Infinidat Ltd announced strong growth and execution with 29% Y/Y growth in bookings for January through June 2023.

Building on a robust 2022, it also delivered top-line revenue growth and profitable, cash flow-positive operating results in the 1H23 period.

“Infinidat experienced strong demand for our enterprise solutions in 1H23 and extended the trajectory of profitable growth we accomplished in 2021 and 2022,” said Phil Bullinger, CEO. “The comprehensive financial advantages and unsurpassed technical value of our enterprise storage platforms are resonating very well across enterprise IT teams contending with demanding SLAs, cyber resilience concerns, budget limitations and uncertainty, and operational complexity.“

In 1H23, the firm expanded its InfiniSafe cyber storage resilience software portfolio with the announcement of Cyber Detection. Behind recession worries, cybersecurity was the ≠2 concern of CEOs in the June 2023 Fortune 500 CEO survey, driving the importance of enterprise storage infused with cyber resilience and cyber security as a crucial element of an enterprise cybersecurity strategy. The InfiniSafe cyber storage software portfolio helps enterprise storage resist cyberattacks, including malware and ransomware. Should an enterprise be attacked, InfiniSafe and InfiniSafe Cyber Detection combine to deliver almost instantaneous recovery guaranteed.

1H23 Highlights
Infinidat was named a Customers’ Choice in the 2023 Gartner Peer Insights Voice of the Customer: Primary Storage. It was the 4^th time that the company has been named a Customers’ Choice.

IDC released in February 2023 a study based on interviews of several Infinidat enterprise customers detailing the financial impact of the InfiniBox on their data center economics − IDC Business Value White Paper. The report found that nfiniBox portfolio provides an 11-month payback, while reducing IT Capex and Opex costs, with 51% more efficient storage management costs and a reduction in Opex of 48%.

In May 2023, Infinidat announced the InfuzeOS Cloud Edition for hybrid cloud integration through the deployment of a full version of InfuzeOS residing in an AWS environment. For enterprise customers, the company is putting its SDS capabilities into the public cloud to enable and support hybrid cloud storage deployments as a single node InfiniBox configuration. The InfuzeOS Cloud Edition solution expands vendor’s activities as an AWS Partner Network member, including its existing AWS Outposts Ready designation.

The vendor was named an award winner, or finalist, for 16 storage industry awards and recognitions in 1H23, including the InfiniBox SSA II and InfiniGuard being named Gold Winners in TechTarget’s 2022 Product of the Year Awards, renowned storage analyst firm DCIG selecting Infinidat’s InfiniBox family as one of the Top 5 High-end Storage Arrays in the world, and GigaOm, another storage analyst firms, naming Infinidat a “Leader” and “Outperformer” in the 2023 “GigaOm Radar: Primary Storage for Large Enterprises.“