Tape Media

Tape Drives

Ethernet LTO Tape Drives

Tandberg Data RDX QuikStor

Tandberg Data RDX QuikStation

HP RDX Removable Disk

Quantum SuperLoader 3

Quantum Scalar i3 LTO

Qualstar LTO Tape Libraries

Qualstar Q8 Tape Autoloader

Qualstar Q24 Tape Autoloader

Qualstar Q48 Tape Autoloader

Qualstar Q40 Tape Library

Qualstar Q80 Tape Library

Qualstar Tape Libraries

Overland NEO Tape Libraries

Overland NEOs StorageLoader

Overland NEOs T24 Loader

Overland NEOs T48 Library

Overland NEOxl 40 Series

Overland NEOxl 80 Series

Tape Drive Autoloaders

HP StoreEver Tape Libraries

HP StoreEver MSL3040

Archiware P5 Software

XenData LTO Archive

Facilis Technology

SnapServer XSR NAS Series

Nexsan Storage

ATTO SAS / Thunderbolt

Cables & Terminators

Barcode Labels

Turtle Storage Cases

Removable Disk Storage

Imation RDX

Imation RDX Bundles

Tandberg RDXLock WORM

Quantum RDX

HP RDX+ Bundles


Dell RD1000

Reconditioned Tape Drives

Custom Sequence Barcode Labels for all your Tape Media - DLT, SDLT AIT and LTO FREE LTO BARCODE LABELS

LTO-9 Tape Drives LTO-9 Tape Libraries Now Available

SymplyPro LTO Archiving Solutions LTO-8 and LTO-9

Browse by Manufacturer
Mailing Lists

Quantum: Preliminary Fiscal 3Q14 Financial Results
Expected revenue of $145 million to $146 million

Quantum Corp. announced preliminary results for the third quarter of fiscal 2014 ended Dec. 31, 2013.

The company expects to report revenue of approximately $145 million to $146 million, which would be above the high end of the guidance range provided during its Oct. 23, 2013 earnings announcement.

The higher revenue reflects strong sequential improvement in sales of Scalar tape automation systems and DXi deduplication appliances and year-over-year revenue growth of approximately 20% from StorNext scale-out storage solutions.

In addition, Quantum expects non-GAAP net income of $6 million to $7 million, which is better than the high end of the previously announced guidance range.

"We're pleased with the preliminary results we've seen for the December quarter, which demonstrate the strength of our product portfolio and expertise in helping customers rethink their storage strategies to serve their evolving business needs," said Jon Gacek, president and CEO, Quantum. "Over the past year we've made good progress in expanding our solution offerings, improving our sales execution and efficiency, and reducing our cost structure. Our Q3 results reflect the benefits of the actions we've taken."

This quarter Quantum will complete the change to a fully outsourced manufacturing model as previously announced last July, eliminating the remaining 120 positions related to this change. The company also plans to eliminate approximately 60 additional positions across various functions this quarter, reflecting reduced resource needs, better organizational efficiencies and a more focused investment strategy heading into the new fiscal year.

As previously disclosed, the outsourcing will reduce overall expense by approximately $10 million annually, primarily reflected in improved non-GAAP gross margin. The additional staffing reductions this quarter are expected to generate $6 million to $8 million annually in further operating expense savings, or $1.5 million to $2.0 million lower quarterly expenses than the comparable period in the prior fiscal year. The changes will take full effect in the company's fiscal quarter ending June 30, 2014.

"As we begin the new calendar year, we will increase our focus and investment in markets where the combination of changing customer needs and our product and technology strengths offer the greatest opportunities for growth and profitability," continued Gacek. "In particular, we believe we have an advantage in scale-out shared storage, active archive and cloud-based data protection. We plan to build on our StorNext leadership in end-to-end content workflow, the value of Quantum's Lattus Object Storage as a forever disk archive, our number one market share position in tape automation and our best-in-class DXi deduplication portfolio."

Shopping Cart
Your cart is empty.

Tandberg Data RDX Quikstor Removable Disk Cartridges

RDX 10 Pack Promotion - celebrating 10 Years of RDX Technology

SnapSever XSR120 and XSR40 Available

Quantum Scalar i3 LTO-9 Now Available and Shipping

Free Shipping UPS Ground - $500 min. order

Repair Services - 6 Month Warranty Fast Turnaround

Outlet Center - Refurbished Tape Drives - 6 Month Warranty