Quantum anticipates second quarter fiscal 2015 revenue at high end of guidance
- Total revenue of approximately $135 million, up 3% year-over-year
- Scale-out storage revenue growth of more than 50% year-over-year
- DXi deduplication revenue growth of 11% year-over-year
- Full second quarter earnings results to be announced on 29 October
London, UK - 15 October 2014– Quantum Corp. (NYSE: QTM) today announced preliminary results for the second quarter of fiscal 2015, ended 30 September 2014. The company expects to report:
- Total revenue of approximately $135 million, at the top of Quantum’s July guidance range of $130 million to $135 million, and a three percent increase over the same period last year
- Branded revenue of approximately $107 million, up six percent year-over-year driven by over 50 percent growth in scale-out storage revenue and 11 percent growth in revenue from DXi® deduplication sales
- Continued improvement in profitability as the result of revenue growth and greater operational efficiencies.
“These strong preliminary second quarter results demonstrate the success we’re seeing in the market and the increased leverage we’ve driven in our business over the last 18 months,” said Jon Gacek, president and CEO of Quantum. “During this time we’ve made several strategic improvements to our operating model while continuing to invest in products that not only generate higher levels of profit and cash flow but also deliver strong revenue growth.
“We’re very pleased with the great progress we’ve made, particularly growing total revenue year-over-year for the first time in five quarters, with substantial growth in both scale-out storage and DXi deduplication. These results demonstrate the strength and breadth of our entire product portfolio in helping customers meet their complex workflow needs.”
Second quarter earnings conference call and audio webcast details
Quantum will issue a news release on its second quarter financial results on Wednesday, 29 October 2014, after the close of the market. The company will also hold a conference call and live audio webcast to discuss these results that same day at 2:00 p.m. PDT. Press and industry analysts are invited to attend in listen-only mode.
Dial-in number: 719-457-2085 (U.S. and International); Access Code 5622078
Replay numbers: 719-457-0820 (U.S. and International); Access Code 5622078
Replay expiration: Monday, 3 November 2014, at 5:00 p.m. PST
Webcast site: www.quantum.com/investors
Contact details
Joanna Clark
quantum@rlyl.com
44 (0)20 7403 8878
www.rlyl.com
About Quantum
Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. With Quantum, customers can Be Certain™ they have the end-to-end storage foundation to maximise the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.
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