NBCNews covers Fusion-IO troubles
The management changes came as Fusion-io reported a loss of $27.9 million, or 28 cents per share, for the quarter that ended Sept. 30. That is compared with earnings of $3.9 million, or 4 cents per share, in the same months last year. After adjusting for acquisition expenses and other special items, it had a loss of 7 cents per share versus earnings of 14 cents per share last year.
Fusion-io's revenue fell to $86.3 million from $118.1 million.