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FalconStor Software, Inc. (FALC) announced its first quarter 2024 financial results, showcasing a 1% increase in total revenue, a 127% rise in total hybrid cloud ARR run-rate, and a $0.3 million increase in net income. The company focused on expanding its data protection technology across the IBM global ecosystem, driving growth in revenue and annual recurring revenue. Despite missing profitability targets, FalconStor saw improvement in GAAP net income compared to the previous year.