Revenues of Xyratex for 3Q09 Better Than Expected

Xyratex Ltd. expects revenue for its fiscal 2009 third quarter ended August 31, 2009 to be approximately $247 million.

"The third quarter benefitted from better than expected sales across our product and customer portfolio, indicating improvements in the overall economy and the relative strength of the storage industry," said Steve Barber, CEO of Xyratex. "Additionally, I was pleased with our execution in reducing costs while at the same time meeting the demand requirements of our customers."