(in US$ millions)	2Q09	2Q10	6 mo. 09	6 mo. 10
Revenues	45.1	46.1	88.1	90.5
Growth		+2%		+3%
Net income (loss)	(1.2)	(0.8)	(0.5)	(2.6)

3par, Inc. reported results for the second quarter of fiscal year 2010, which ended September 30th, 2009.

Revenue for the second quarter was $46.1 million, an increase of 2% compared to revenue of $45.1 million for the same period a year ago and 4% compared to $44.5 million in the prior quarter, which ended June 30th, 2009.

For the second quarter of fiscal 2010, GAAP net loss was $758,000, or ($0.01) per share, compared to $1.2 million, or ($0.02) 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 2010 was $1.6 million, or $0.03 per share, compared to $520,000, or $0.01 per share, for the same period in the prior year.

"We were pleased to deliver strong results in the September quarter," said David Scott, President and Chief Executive Officer, "and our recent announcements of significant, ongoing innovation in the areas of utilization efficiency and high availability position us well should economic demand continue to pick up over the next few quarters."

Additional Second Quarter Fiscal 2010
Financial Information
3PAR reports operating income (loss), net income (loss), and earnings (loss) per share (EPS) on a GAAP and on a non-GAAP basis, which excludes the impact of stock-based compensation expense. The non-GAAP measures are described in greater detail below and are reconciled to the corresponding GAAP measures in the accompanying financial tables.

• GAAP operating loss for the second quarter of fiscal 2010 was $667,000, or 1% of revenue compared to $2.1 million in the first quarter of fiscal 2010, or 5% of revenue. Non-GAAP operating income in the second quarter of fiscal 2010 was $1.7 million, or 4% of revenue, compared to a Non-GAAP operating loss of $248,000, or 1% of revenue, in the first quarter of fiscal 2010. GAAP net loss for the second quarter of fiscal 2010 was $758,000 compared to $1.8 million in the first quarter of fiscal 2010. Non- GAAP net income in the second quarter of fiscal 2010 was $1.6 million, compared to $41,000 in the first quarter of fiscal 2010.
• GAAP EPS for the second quarter of fiscal 2010 was ($0.01) on 61.7 million shares outstanding, compared to ($0.03) in the first quarter of fiscal 2010 on 61.3 million shares outstanding. Non-GAAP EPS in the second quarter of fiscal 2010 was $0.03 on 64.1 million diluted shares outstanding compared to $0.00 on 63.7 million diluted shares outstanding in the first quarter of fiscal 2010.
• Non-GAAP operating income, non-GAAP net income, and non-GAAP EPS are computed net of stock-based compensation. In the second quarter of fiscal 2010 the charges related to stock-based compensation were $2.4 million compared to $1.8 million in the first quarter of 2010.