Tuesday, February 23, 2021

DDN Reports $400M In Revenues In 2020

Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020. The company specifically said the boost in revenues came as a result of science and research facilities deploying its products as part of the effort to eradicate COVID-19. DDN is led by CEO and co-founder Alex Bouzari. The company says it now has more than 11,000 customers using its products, across automobile and aerospace manufacturers, invvestment banks, oil and gas facilities, and more.