Achieves Eleventh Consecutive Quarter of Sequential Revenue Growth,

Reduces Net Loss per Share to ($0.02)

EDEN PRAIRIE, Minn.–(EMWNews)–Compellent Technologies, Inc. (NYSE Arca: CML) today announced its

financial results for the second quarter ended June 30, 2008. Revenue

for the second quarter of 2008 was $21.0 million, up 74 percent from

$12.1 million in revenue for the second quarter of 2007, and an increase

of 15 percent from the first quarter of 2008. This represents the

eleventh consecutive quarter of sequential revenue growth.

Gross margin was 54.1 percent, an increase of 6.3 percentage points from

the second quarter of 2007 and 1.9 percentage points from the first

quarter of 2008. Net loss was $603,000, or $(0.02) per share, for the

second quarter of 2008 compared with a net loss of $1.9 million, or

$(0.45) per share, for the second quarter of 2007.

For the first six months of 2008, revenue totaled $39.3 million, an 88

percent increase from $20.9 million through the first six months of

2007. Net loss was $2.2 million, or $(0.07) per share in the first half

of 2008 compared with a net loss of $4.1 million, or $(0.95) per share,

for the same period in 2007.

“We continue to generate robust growth in

revenue, new end user additions, and increased margins despite the

slowdown of IT spending in the U.S.,” said

Phil Soran, president and CEO of Compellent. “Demand

for our cost-effective and energy efficient storage remains strong,

driven by our ability to offer sophisticated data management, protection

and recovery features typically required by large enterprises to a broad

range of customers.”

Additional recent highlights include:

• Product revenue totaled $17.0 million in the second quarter of 2008, a

  67 percent increase from the second quarter of 2007. Product support

  and services revenue was $4.0 million in the second quarter, a 113

  percent increase from the same period in 2007.

• Sales to new customers represented 59 percent of product revenue for

  2008, while the existing customer base represented 41 percent.

• Current and long-term deferred revenue increased to $15.6 million at

  June 30, 2008 compared with $12.5 million at March 31, 2008 and $10.5

  million at December 31, 2007.

• Cash and investments totaled $92.9 million at June 30, 2008.

• The company had 972 end users at June 30, 2008 compared to 740 at

  December 31, 2007.

Since its public offering in October 2007, the company has achieved

significant milestones including:

• Completed its eleventh quarter of consecutive revenue growth.

• Announced the 1000^th end-user customer.

• Microsoft named Compellent its 2008 Partner of the Year for Advanced

  Infrastructure Solutions, an important validation of the company’s

  efforts to optimize virtualized storage for Windows environments.

• Received notification of the issuance of Compellent’s

  first two patents on data progression and instant replay technologies

  in July.

• Compellent’s all-channel sales network

  expanded into 23 countries and the company is rapidly gaining momentum

  with new channel partners worldwide.

“We continue to make steady progress to

profitability with advances on both the technology side and through

business execution. We have matured nicely and gained significant

acceptance in the market,” Mr. Soran concluded.

Conference Call

The company has scheduled a conference call to discuss its second

quarter results and current business developments today, August 5, at

5:00 p.m. ET. To access the call, dial 800-218-4007 domestically or

303-205-0044 internationally. The call will also be webcast live at http://www.compellent.com/investors.

An audio replay will be available for seven days following the call at

(800) 405-2236 for U.S. callers or (303) 590-3000 for those calling

outside the U.S. The password required to access the replay is

11117355#. An archived webcast will also be available at http://www.compellent.com/investors

until the company’s conference call to

discuss its third quarter 2008 financial results.

Non-GAAP Measure

To supplement the company’s Statements of

Operations presented in accordance with GAAP, the company uses a

non-GAAP measure of net loss. In order for investors to be better able

to compare the company’s current results with

those of previous periods, the company has shown a reconciliation of the

GAAP to non-GAAP financial measure. This reconciliation adjusts the

related GAAP financial measure to exclude stock-based compensation. The

company believes the presentation of this non-GAAP financial measure

enhances the user’s overall understanding of

the company’s historical financial

performance. The presentation of non-GAAP net loss is not meant to be

considered in isolation or as a substitute for the company’s

financial results prepared in accordance with GAAP, and the company’s

non-GAAP financial measure may be different from non-GAAP financial

measures used by other companies.

About Compellent

Compellent is a leading provider of enterprise-class network storage

solutions that are highly scalable, feature-rich and designed to be easy

to use and cost effective. Compellent Technologies’

principal offices are located in Eden Prairie, MN. For more information,

please visit: http://www.compellent.com.

This press release contains forward-looking statements within the

meaning of Section 27A of the Securities Act of 1933, as amended, and

Section 21E of the Securities Exchange Act of 1934, as amended.

Specifically, statements concerning the anticipated demand for the

company’s storage solution, the growing base

of end users, the company’s ability to

lower storage costs and reduce energy consumption for end users, the

company’s progress toward profitability and

the company’s momentum with new channel

partners internationally are forward-looking statements within the

meaning of the safe harbor. These statements involve known and unknown

risks, uncertainties and other factors that may cause actual results,

performance, time frames or achievements to be materially different from

those expressed or implied by the forward-looking statements. Forward-looking

statements are subject to risks and uncertainties, including slower than

expected growth of the small-to-medium sized enterprise storage market

or adoption of the company’s storage

solution; the impact of technological developments and competition; the

company’s reliance on third-parties to sell

their storage solution; pricing and availability of suppliers’

products; general industry trends; the company’s

capital and operating requirements to grow its business and changes in

industry standards and interfaces, which may cause actual results to

differ materially from the statements contained herein. Further

information on potential risk factors that could affect Compellent’s

business and its financial results are detailed in its filings with the

Securities and Exchange Commission, including its Form 10-K for the year

ended December 31, 2007 and Form 10-Q for the quarter ended March 31,

2008. Undue reliance should not be placed on forward-looking

statements, which speak only as of the date they are made, and, except

as required by law, Compellent disclaims any obligation to update these

forward-looking statements to reflect future events or circumstances.

COMPELLENT TECHNOLOGIES, INC.
STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
				For the Three Months								For the Six Months
				Ended June 30,								Ended June 30,
				2008				2007				2008				2007
				(unaudited)
Revenue
	Product			$	17,039			$	10,215			$	31,915			$	17,641
	Product support and services				3,973				1,863				7,410				3,298
		Total revenue			21,012				12,078				39,325				20,939
Cost of revenue
	Cost of product				8,031				5,177				15,378				8,998
	Cost of product support and services				1,606				1,127				3,014				2,069
		Total cost of revenue			9,637				6,304				18,392				11,067
	Gross profit				11,375				5,774				20,933				9,872
Operating expenses
	Sales and marketing				8,829				5,388				16,782				9,586
	Research and development				2,311				1,868				4,659				3,420
	General and administrative				1,459				587				3,204				1,288
		Total operating expenses			12,599				7,843				24,645				14,294
Loss from operations					(1,224	)			(2,069	)			(3,712	)			(4,422	)
Interest income					621				146				1,493				369
Net loss				$	(603	)		$	(1,923	)		$	(2,219	)		$	(4,053	)
Net loss per common share, basic and diluted				$	(0.02	)		$	(0.45	)		$	(0.07	)		$	(0.95	)
Shares used in computing net loss per common
	share, basic and diluted				30,434				4,317				30,389				4,248

COMPELLENT TECHNOLOGIES, INC.
CONDENSED BALANCE SHEETS
(in thousands)
				June 30,			December 31,
				2008			2007
				(unaudited)
Assets
Current assets
	Cash and short-term investments			$	75,541		$	93,732
	Accounts receivable, net				19,022			13,311
	Inventories				3,721			2,538
	Prepaid expenses and other current assets				1,013			1,046
		Total current assets			99,297			110,627
Long-term investments					17,337			–
Property and equipment, net					3,276			2,749
		Total assets		$	119,910		$	113,376
Liabilities and stockholders’ equity
Current liabilities
	Accounts payable			$	4,105		$	3,216
	Accrued liabilities				5,483			4,222
	Deferred revenue, current				11,279			7,934
		Total current liabilities			20,867			15,372
Deferred revenue, non-current					4,283			2,588
Stockholders’ equity					94,760			95,416
		Total liabilities and stockholders’ equity		$	119,910		$	113,376

	COMPELLENT TECHNOLOGIES, INC.
	CONDENSED STATEMENTS OF CASH FLOWS
	(in thousands)
						Compellent Technologies Jack Judd, 952-294-3316 (Investors) [email protected] Liem Nguyen, 952-294-2851 (Media) [email protected] or EVC Group Doug Sherk or Jenifer Kirtland, 415-896-6820 (Investors) [email protected] Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89 Get Unlimited Organic Website Traffic to your Website  TheNFG.com now offers Organic Lead Generation & Traffic Solutions