Quantum corporation reports Fiscal third quarter results
Highlights: · Total revenue of $146 million, up 11% sequentially · Sequential increase in branded tape automation and DXi revenue of 37% and 32%, respectively · 20% year-over-year growth in StorNext and related service revenue, driven by near doubling of North America sales · Year-over-year improvement in GAAP and non-GAAP net income of 70% and 27%, respectively, on 8% revenue declineLondon, 29 January 2014 – Quantum Corp. (NYSE:QTM) today reported results for the third quarter of fiscal 2014, ended Dec. 31, 2013. Revenue for the quarter was $145.9 million, down 8 percent from