CacheFlow Inc. is cutting 50 percent of its workforce to bring spending in line with tough economic times.
The company said it expects revenue for its third fiscal quarter, ended Jan. 31, to be between US$10.5 and $10.9 million. The company plans to announce more details in its regular quarterly earnings release scheduled for Feb. 14.
In a prepared statement, Brian Nesmith, CacheFlow's president and chief executive officer, said the company will continue to develop new products for enterprise users aimed at improving security and management of Web applications.
CacheFlow's cIQ Content Delivery Architecture is a combination of hardware and software that allows users to run streaming media and manage Web, e-commerce and dynamic application content.