SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): April 26, 2007

                          FALCONSTOR SOFTWARE, INC.
            (Exact name of registrant as specified in its charter)

            DELAWARE                  0-23970              77-0216135
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      (State or other jurisdiction  (Commission            (IRS Employer
      of incorporation)             File Number)           Identification No.)

                2 Huntington Quadrangle, Melville, New York 11747
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                     Address of principal executive offices

        Registrant's telephone number, including area code: 631-777-5188

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         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

   |_| Written communications  pursuant to Rule 425 under the Securities Act (17
CFR 230.425)

   |_|  Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

   |_|  Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

   |_|  Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))



Item 2.02.        Results of Operations and Financial Condition

      On April 26,  2007,  the Company  issued a press  release  announcing  its
results of operations for the fiscal quarter ended March 31, 2007.

      The text of a press release  issued by the Company is furnished as Exhibit
99.1 and is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits

(c)         Exhibits

            Exhibit Number    Description
            --------------    -----------

            99.1              Press release of the Company dated April 26, 2007.

                                    SIGNATURE

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                          FALCONSTOR SOFTWARE, INC.


Dated: April 26, 2007                     By: /s/ James Weber
                                              -----------------------
                                              Name:  James Weber
                                              Title: Chief Financial Officer
                                                     and Vice President


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