quantum corp (QTM) Key Developments
Quantum's StorNext Cuts Complexity with Workload Storage for Milestone Video Surveillance Customers
Feb 18 15
Quantum Corp. announced a video surveillance solution certified with Milestone Systems. Quantum's StorNext scale-out storage is now certified for use with MilestoneXProtect VMS, delivering a combined solution that stores large amounts of video files while optimizing the performance of the system. It raises the bar for performance and scalability and provides standards-based, easy-to-use storage for video surveillance workloads. The combination enables Milestone users to capture higher quality video streams from more cameras simultaneously and have that data available for policy-driven analytics and retention. More organizations are deploying video surveillance systems for an expanding range of applications. The storage infrastructure for these systems is increasingly strained by multiple factors: An influx of surveillance footage from a growing number of cameras operating at higher resolutions; Increasing retention time for that footage; The need to capture and store more frames per second; and Greater demands to leverage surveillance data with new analysis tools. All of this requires increasingly scalable performance and capacity that legacy storage systems simply were not designed to provide, particularly in a cost-effective way. The combination of StorNext with Milestone VMS addresses video surveillance challenges with a solution validated through extensive testing and documentation. Among the product certification test findings: The combination of StorNext and XProtect exceeded the benchmark values by at least a factor of two. Extended testing demonstrated that StorNext storage enabled the Milestone VMS server to support a simultaneous ingest of up to 85 cameras per server four times more than expected based on competing solutions in the same configuration. The system performed at a very high level of data throughput, with near zero read/write latency. Tests included scenarios with five recording servers with 250 video cameras, and 11 recording servers with 935 video cameras. By supporting more than four times XProtect's minimum requirements, StorNext enables Milestone customers to create larger deployments with more easily managed shared storage solutions. This approach also enables system integrators, architects and customers to create larger systems with less complexity. StorNext 5 offers a new approach for managing the entire storage infrastructure, aligning storage tiers to the requirements of different stages in the lifecycle of captured video and making data directly available to users through their primary applications, regardless of where the content is stored. In an XProtect environment, StorNext delivers video surveillance storage implementations that are more cost-effective and offer higher levels of security and data protection. The combined StorNext and XProtect solution is available through Milestone and Quantum certified partners.
Quantum Corporation Presents at Cantor Fitzgerald 2015 Internet and Technology Conference, Feb-24-2015 03:45 PM
Feb 10 15
Quantum Corporation Presents at Cantor Fitzgerald 2015 Internet and Technology Conference, Feb-24-2015 03:45 PM. Venue: Le Parker Meridien, New York, New York, United States. Speakers: Jonathan W. Gacek, Chief Executive Officer, President and Director, Linda M. Breard, Chief Financial Officer, Chief Accounting Officer and Senior Vice President of Finance, IT & Facilities.
Quantum Corporation Introduces the StorNext QXS-5600, a High-Capacity, High-Density Disk Array
Feb 10 15
Quantum Corporation introduced the StorNext QXS-5600, a high-capacity, high-density disk array that provides extremely cost-effective storage for customers managing an increasing number of large files containing high-resolution video, images or other rich content. Part of Quantum's award-winning StorNext® solutions portfolio, the StorNext QXS-5600 is ideal work-in-process storage for a wide variety of applications, including 4K and 8K video production and postproduction, geospatial imaging, video surveillance, and seismic research and analysis. Like other StorNext Q-Series disk offerings, the QXS-5600 is purpose-built for highly data-intensive environments, delivering enterprise-class performance, redundancy, availability and manageability. In addition, this highly dense StorNext product provides up to 336TB of raw capacity in a 4U rack (other configuration options are 168TB and 224TB). With as much as twice the storage capacity per rack unit of smaller disk arrays, the QXS-5600 reduces the space, power and cooling required to support high-performance applications. On a dollar-per-TB basis, it is Quantum's lowest-priced disk storage product, delivering a new level of value in the company's disk offerings. With its density and price-performance attributes, the QXS-5600 is particularly well-suited for nearline work-in-process storage, where having content close by and quickly accessible for re-monetization or other re-purposing is essential. It also is tailor-made for non-real-time workflow operations where high-density storage provides significant productivity benefits.
Quantum Corp. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-10-2015 08:00 AM
Feb 2 15
Quantum Corp. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-10-2015 08:00 AM. Venue: The Westin St. Francis, San Francisco, California, United States. Speakers: Jon Gacek, President and CEO, Linda Breard, CFO.
Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Fourth Quarter of 2015
Jan 29 15
Quantum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company’s total revenue was $142,063,000 against $145,869,000 a year ago. Income from operations was $9,602,000 against loss from operations of $80,000 a year ago. Income before income taxes was $7,267,000 against loss before income taxes $2,150,000 a year ago. Net income was $6,931,000 or $0.03 per basic and diluted share against net loss of $2,458,000 or $0.01 per basic and diluted per share a year ago. Non-GAAP net income was $10,911,000 or $0.04 basic and diluted per share against $6,185,000 or $0.02 basic and diluted per share a year ago. Non-GAAP income from operations was $13,582,000 against $8,563,000 a year ago. The company generated $2.6 million in cash from operations and ended the quarter with nearly $110 million in total cash and cash equivalents. Non-GAAP operating income was $13.6 million compared to operating income of $8.6 million in the same quarter a year earlier.
For the nine months, the company’s total revenue was $405,297,000 against $425,197,000 a year ago. Income from operations was $11,940,000 against $690,000 a year ago. Income before income taxes was $4,795,000 against loss before income taxes of $5,838,000 a year ago. Net income was $3,855,000 or $0.01 per diluted share against net loss of $7,070,000 or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities was $11,117,000 against $15,536,000 a year ago. Purchases of property and equipment were $2,882,000 against $5,026,000 a year ago. Non-GAAP net income was $20,055,000 or $0.08 basic and diluted per share against $15,725,000 or $0.06 basic and diluted per share a year ago. Non-GAAP income from operations was $28,140,000 against $23,485,000 a year ago. The company generated $28 million of non-GAAP operating income and $20 million of non-GAAP net income in the first 9 months of this fiscal year, over $19 million ahead of the first 9 months of fiscal 2014. Cash generated from operations is up more than $10 million from $500,000, and free cash flow has improved $13 million.
For the fourth quarter of 2015, the company expects gross margin rate on a GAAP basis in the range of 42.6% to 44.6% and gross margin rate on a non-GAAP basis in the range of 43% to 45%. Operating expense on GAAP basis in the range of $54.9 million to $55.9 million and operating expense on non-GAAP basis in the range of $52 million to $53 million. Income from operations on a GAAP basis in the range of $2.5 million to $3.5 million and income from operations on a non-GAAP basis in the range of $6 million to $7 million. Net loss of $1.8 million to $0.8 million and net income on non-GAAP basis of $3 million to $4 million. Diluted LPS on a GAAP basis is in the range of $0.01 to $0.00 and diluted LPS on a non-GAAP basis is in the range of $0.01 to $0.02. The company also expects interest expense of $2.1 million, taxes of $500,000.