IT consulting firm Overland Storage, Inc. announced improved second quarterly revenue and progress in returning its manufacturing operations in its San Diego-based firm to normal.  The IT consulting and storage firm announced $46.8 million in revenue for the 2007 second quarter compared with $60.6 million a year ago.  Net loss was $8.9 million for the second quarter this year.

The company announced that its revenue for FY 2007 grew 12 percent from the previous quarter.  Sales to branded customers was up 23 percent as well and included a large 62 percent increase in the EMEA area.  Sales to its OEM customers were expected to decrease, but ended up being ahead of expectations by 20 percent.  

Overland Storage has been in business for 26 years and is an IT consulting and storage firm that provides protected storage solutions including smart data protection appliances and software modules.  The firm is responsible for the REO series of disk-based backup and the NEO series and ARCvault series tape automation solutions.  Products are sold through commercial distributors, OEM’s, VARs and storage integrators.  

Spokespeople for the IT consulting firm were encouraged by the growth in revenue.  The storage company also stated its NEO series tape libraries experienced a sales increase of 17 percent along with the ARCvault libraries, which had a sales growth of 41 percent.  The IT consulting firm also made its operations more efficient, with a decrease of operating expenses  by $.8 million.

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