Data Storage Corp

Data Storage Corp. engages in the provision of business continuity services. These services include disaster recovery, infrastructure as a service, and cyber security. Its other services and solutions include data protection services, data center and security, voice and data solutions, and email archival solutions. The company was founded by Charles M. Piluso in June 2001 and is headquartered in Melville, NY.

Earnings data Q2 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Data Storage Corp (DTST) reports strong Q1 growth and strategic initiatives

Data Storage Corp (DTST) delivered strong financial performance in Q1 2024, achieving profitability and emphasizing strategic growth initiatives.
The company's focus on organic growth, international expansion, and cautious M&A strategy positions it for sustainable development and value creation.
Despite challenges in finalizing acquisitions, DTST remains optimistic about its growth prospects and long-term shareholder value.
DTST's expansion into new markets, significant contract wins, and stable financial performance underscore its potential for continued success.

Data Storage Corp (DTST) reports solid Q2 results and eyes UK expansion for growth

Data Storage Corp (DTST) delivered solid Q2 2024 results with revenue growth, profitability, and strategic initiatives driving future expansion.
While facing challenges such as cost management and revenue fluctuations, the company's strengths in recurring revenue and operational resilience position it well for growth.
Opportunities lie in capitalizing on increased demand, expanding service offerings, and leveraging international expansion for market diversification.
Overall, Data Storage Corp (DTST) remains confident in its growth strategy and commitment to creating shareholder value amidst a dynamic market environment.

Data Storage Corp reports Q3 revenue decline but strengthens profitability

Data Storage Corp's Q3 2024 performance reflects a mixed picture with revenue decline but improved profitability.
The company's strategic strengths lie in sector diversification, strong financial position, and customer retention.
While challenges like revenue decline and international expansion exist, opportunities in revenue growth and market expansion are promising.

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MELVILLE, N.Y., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced that its subsidiary, CloudFirst Europe, has entered into a strategic partnership with Brightsolid, a premier data center provider based in Scotland and part of the DC Thomson group. This collaboration marks a significant step in CloudFirst's expansion strategy across the UK and positions the Company to better serve clients in Scotland.

Data Storage Corporation's CloudFirst Subsidiary Enters Strategic Partnership with Brightsolid for Expanded IBM Cloud Solutions in Scotland

MELVILLE, N.Y., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a premier provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, for IBM Power systems including IBMi and AIX, today announced its strategic global expansion plan of its CloudFirst operations.

Data Storage Corporation's Subsidiary CloudFirst Announces Global Expansion Strategy

Data Storage Corporation (NASDAQ:DTST ) Q3 2024 Earnings Conference Call November 14, 2024 11:00 AM ET Company Participants Alexandra Schilt - Investor Relations Chuck Piluso - Chairman and CEO Chris Panagiotakos - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Operator Greetings. And welcome to the Data Storage Corporation 2024 Fiscal Third Quarter Business Update.

Data Storage Corporation (DTST) Q3 2024 Earnings Call Transcript

Gross Profit Margin Increased over 400 Basis Points to 43.2% For the Third Quarter of 2024 Achieved Profitability for the Three and Nine Months Ended September 30, 2024 MELVILLE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today provided a business update and reported financial results for the three and nine months ended September 30, 2024.

Data Storage Corporation Reports 2024 Third Quarter Financial Results and Provides Business Update

MELVILLE, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has secured a six-figure subscription-based contract with the Canadian division of a globally recognized Japanese motorsports manufacturer.

Data Storage Corporation Secures Six-Figure Contract with Canadian Division of Renowned Japanese Motorsports Manufacturer

MELVILLE, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced the appointment of Colin Freeman as Managing Director of CloudFirst Europe. Mr. Freeman will oversee the company's expansion into the European market, with an initial focus on leading the United Kingdom.

Data Storage Corporation Appoints Colin Freeman as Managing Director of CloudFirst Europe

MELVILLE, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Thursday, November 14, 2024, to discuss the Company's financial results for the third quarter of 2024 which ended September 30, 2024, as well as corporate progress and other developments.

Data Storage Corporation Schedules Third Quarter 2024 Business Update Conference Call

CloudFirst Continues Strong Financial Performance Along with Expansion into the United Kingdom and Operational Success Following Flagship Solutions Group Integration CloudFirst Continues Strong Financial Performance Along with Expansion into the United Kingdom and Operational Success Following Flagship Solutions Group Integration

Data Storage Corporation Provides Letter to Shareholders Highlighting Recent Achievements within CloudFirst Technologies Subsidiary

MELVILLE, N.Y., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has secured an expanded agreement through its infrastructure partner, servicing a billion-dollar insurance company.

Data Storage Corporation Secures Expanded Contract Servicing a Billion Dollar Insurance Company

MELVILLE, N.Y., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has signed a new hosting agreement servicing a nationally ranked academic medical center, secured through one of its cloud infrastructure partners. This collaboration showcases the Company's expertise in delivering secure and tailored cloud solutions to meet the critical needs of this healthcare institution.

Data Storage Corporation Announces New Cloud Hosting Agreement Servicing a Nationally Ranked Academic Medical Center

Data Storage Corporation (NASDAQ:DTST ) Q2 2024 Earnings Conference Call August 14, 2024 11:00 AM ET Company Participants Alexandra Schilt - IR Charles Piluso - Chairman and CEO Chris Panagiotakos - CFO Conference Call Participants Adam Waldo - Lismore Partners Operator Welcome to the Data Storage Corporation 2024, Fiscal Second Quarter Business Update Conference Call. [Operator Instructions].

Data Storage Corporation (DTST) Q2 2024 Earnings Call Transcript

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MELVILLE, N.Y., July 15, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has expanded its contract with one of the nation's largest suppliers of promotional products. The new seven-figure contract reflects CloudFirst's continued success and growing market presence.

Data Storage Corporation Expands Services with One of the Nation's Largest Suppliers of Promotional Products

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MELVILLE, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has deployed technical assets to its 7th Data Center—located in Chicago, Illinois. The strategic location of this new data center allows the Company to address the growing demand for its products and services within the region, as well as expand its geographic footprint in the United States.

Data Storage Corporation Adds New Data Center in Chicago, Illinois

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Data Storage Corporation (NASDAQ:DTST ) Q1 2024 Earnings Conference Call May 15, 2024 11:00 AM ET Company Participants Alexandra Schilt - IR Charles Piluso - Chairman and CEO Chris Panagiotakos - CFO Conference Call Participants Matthew Galinko - Maxim Group Adam Waldo - Lismore Partners Bobby Cohen - Merger Monday Capital Operator Ladies and gentlemen, good morning, and welcome to the Data Storage Corporation First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Data Storage Corporation (DTST) Q1 2024 Earnings Call Transcript

MELVILLE, N.Y., May 15, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT services, today provided a business update and reported financial results for the three months ended March 31, 2024.

Data Storage Corporation Reports 20% Increase in Revenue and Again Achieves Profitability for the 2024 First Quarter

MELVILLE, N.Y., May 13, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster recovery, cloud infrastructure, cyber-security, and IT services, today announced the expansion of its CloudFirst subsidiary into the United Kingdom (UK) with the opening of its London office.

Data Storage Corporation Announces Expansion into the United Kingdom with Opening of CloudFirst London Office

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MELVILLE, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT services, today announced that it plans to host a conference call at 11:00 a.m. Eastern Time on Wednesday, May 15, 2024, to discuss the Company's financial results for the first quarter of 2024 which ended March 31, 2024, as well as corporate progress and other developments.

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