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Falconstor Software Inc  (FALC)
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    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology

Falconstor Software Inc's

Competitiveness


 

FALC Sales vs. its Competitors Q1 2020



Comparing the results to its competitors, Falconstor Software Inc reported Total Revenue decrease in the 1 quarter 2020 year on year by -29.22 %, despite revenue increase by most of its competitors of 7.02 %, recorded in the same quarter.

List of FALC Competitors





Revenue Growth Comparisons




Net Income Comparison


Falconstor Software Inc recorded net loss , despite income increase by most of its competitors of 27.32 %

<<  More on FALC Income Comparisons


Falconstor Software Inc's Comment on Competitors and Industry Peers


As data has become as critical an asset as capital and labor, the entrants into the data management and data protection segments continue to rise, as does the demand for services and integration with emerging technologies. Although there are several companies attempting to offer data protection for specific environments, FalconStor believes that only software-defined storage providers are capable of delivering a high level of data protection services across the data center, crossing the infrastructure boundaries between virtual, physical and hybrid environments. FalconStor holds multiple patents on key technologies that enable and optimize our snapshots, data protection, and data reduction platform. We believe that our integrated services and products based on our common storage virtualization platform - including CDP, NSS, OBD, WAN-optimized replication for remote offices and data centers, and disaster recovery automation - are unique to the industry.

Although some of FalconStor’s products provide capabilities that put them in competition with products from a number of companies, FalconStor is not aware of any other software company providing the same level of data protection and recovery capabilities for both physical and virtual infrastructures in a common solution. FalconStor believes that the principle competitive factors enhancing its marketability include product features, such as scalability, high availability, price, reliability, hardware/platform neutrality, and customer service and support.

As FalconStor refines its focus on enterprise and service provider market segments, the products and services offered by its partners may compete with existing or new products and services offered by current and new entrants to the market.

FalconStor’s future and existing competitors could conceivably introduce products with superior features, scalability and functionality at lower prices than FalconStor products. They could also bundle existing or new products with other more established products to compete with FalconStor. Increased competition could result in price reductions and reduced gross margins, which in turn could impact FalconStor’s business. FalconStor’s success will depend largely on its ability to generate market demand and awareness of its products and to enhance or develop new products and services in a timely manner.

When we sell to customers, the competitors we encounter most frequently are HP, Dell, Hitachi Data Systems, IBM, DataCore and a number of niche players. Many of these competitors have significantly greater resources than we do.





  

Total Segment Market Share Q1 2020

despite revenue deterioration, Falconstor Software Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 3.55 %.



<<  More on FALC Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


FALC's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Falconstor Software Inc FALC 21 15 -2 81
Advanced Micro Devices Inc AMD 65,533 7,245 487 10,671
Avid Technology Inc AVID 323 395 2 1,522
Dell Technologies Inc DELL 37,880 92,154 5,529 0
Scandium International Mining Corp EMC 0 0 -2 70,000
Hp inc HPQ 23,053 58,664 3,027 0
International Business Machines Corporation IBM 112,770 76,536 9,015 379,592
Intel Corporation INTC 267,861 75,732 22,735 106,700
Netapp Inc NTAP 10,108 5,603 1,019 12,810
Nutanix Inc NTNX 4,699 1,249 -851 2,813
Oracle Corporation ORCL 174,279 85,529 10,759 132,000
Unisys Corp UIS 732 2,768 1,019 23,200
SUBTOTAL 697,259 405,890 52,737 739,389


       
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