Boston, MA 05/22/2013 (wallstreetpr) – Dot Hill Systems Corp. (NASDAQ:HILL), which is engaged in the design, manufacturing and marketing of various software and hardware storage systems had witnessed an increase in share price to $1.98 per share. This gain in the share prices of the storage systems company was 9.39 percent higher than the previous close. The shares of Dot Hill Systems Corp. (NASDAQ:HILL) traded in the range of $1.82 to $2.09 per share during the trading day.
Results of first quarter, 2013
Dot Hill Systems Corp. (NASDAQ:HILL), which provides storage systems to entry level and middle level markets had recently reported its financial results for the first quarter of 2013. The net revenue of the storage systems developer from the vertical markets grew by 20 percent over the last quarter of 2012. Dot Hill Systems Corp. (NASDAQ:HILL) registered the highest gross margin in five years at about 32.1 percent, compared to the 28.3 percent gross margin for the previous quarter.
The President and Chief Executive Officer of Dot Hill Systems Corp. (NASDAQ:HILL), Dana Kammersgard reported that the company’s investment in R&D is becoming fruitful in the recent years. The company benefits from its special focus on Vertical markets, especially in the areas of Media and Entertainment and Telecommunications. As these industries are witnessing explosive growth in data requirements, the demands for storage systems are higher.
This spurring demand is resulting in increased sales for Dot Hill Systems Corp. (NASDAQ:HILL) thereby providing for higher gross margins in the consecutive quarters. The company holds a market capitalization of $116.23 million and the average trading volume is 253,268 shares per day.
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