Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio includes StorNext software, appliances and full systems called StorNext Pro Solutions, as well as Lattus extended online storage and Q-Cloud Archive services. The company’ products also comprises StorNext Workflow Storage that offer predictable file sharing and archiving in purpose-built configurations of metadata controllers, expansion appliances, and disk and archive enabled libraries; Lattus Object Storage solutions, which enable high volumes of data to be available at any time to ext...
224 Airport Parkway
San Jose, CA 95110
Founded in 1980
Quantum Corporation Announces Executive Changes
Jan 28 16
Quantum Corporation announced that Linda Breard has resigned as senior vice president and chief financial officer of Quantum to pursue another opportunity. Chris Willis, vice president, Financial Planning and Analysis of Quantum, will serve as interim CFO while the company completes its search process for a permanent CFO.
Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for Fourth Quarter of Fiscal 2016
Jan 28 16
Quantum Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. The company reported total revenue of $128,048,000, income from operations of $1,954,000, income before taxes of $132,000, net loss of $299,000 or $0.00 per diluted share against total revenue of $142,063,000, income from operations of $9,602,000, income before taxes of $7,267,000, net income of $6,931,000 or $0.03 per diluted share a year ago.
For the nine months, the company reported total revenue of $355,929,000, loss from operations of $15,872,000, loss before taxes of $21,164,000, net loss of $22,281,000 or $0.09 per diluted share against total revenue of $405,297,000, income from operations of $11,940,000, income before taxes of $4,795,000, net income of $3,855,000 or $0.01 per diluted share a year ago. Net cash used in operating activities was $15,914,000 against net cash from operating activities of $11,117,000 a year ago. Purchases of property and equipment was $2,800,000 against $2,882,000 a year ago.
Based on current market conditions, including tape media pricing dynamics and the difficulty in forecasting
large and mega deals given their long sales cycles, the company provided the following guidance for the fiscal
fourth quarter: Revenue of $118 million to $122 million. GAAP and non-GAAP gross margin of approximately 43-44 percent. Interest expense of $1.5 million and taxes of $400,000. GAAP and non-GAAP earnings per share of ($0.01) to $0.00 and $0.00 to $0.01, respectively.
Quantum Corporation to Report Q3, 2016 Results on Jan 28, 2016
Jan 13 16
Quantum Corporation announced that they will report Q3, 2016 results at 2:00 PM, Pacific Standard Time on Jan 28, 2016