3PAR Inc (PAR), the global provider of utility storage said first quarter revenues rose 22% to $54.3 million from $44.5 million a year ago. Net loss in the quarter was $1.84 million or 3 cents per diluted share compared to net loss of $1.8 million or 3 cents per share a year ago.

3PAR Inc, in the last one year traded as high as $13.67 in January 2010 and as low as $8.37 in August 2009. Based on the yesterday’s closing price of $9.97 the company has market cap of $623.14 million.