3PAR Reports Net Loss

FREMONT, Calif. -- 3PAR Inc. (NYSE Arca: PAR), a leading global provider of utility storage, today reported results for the second quarter of fiscal year 2009, which ended September 30, 2008. Revenue for the second quarter was $45.1 million, an increase of 61% compared to revenue of $28.0 million for the same period a year ago, and an increase of 5% compared to $43.0 million in the prior quarter, which ended June 30, 2008.

For the second quarter of fiscal 2009, GAAP net loss was $1.2 million, or ($0.02) per share compared to GAAP net loss of $2.4 million, or ($0.13) per share for the same period in the prior year. Non-GAAP net income, which excludes the impact of stock-based compensation expense, for the second quarter of fiscal 2009 was $520,000, or $0.01 per share, compared to non-GAAP net loss of $1.7 million, or ($0.09) per share for the same period in the prior year.

We are pleased with our continuing performance as we approach the anniversary of our first year as a public company,” said David Scott, Chief Executive Officer. “We believe that our ability to help customers achieve more with less with 3PAR Utility Storage positions us well to continue to take significant market share.”

3PAR Inc.