Feeds

Quantum: OK, we're not flogging as much as hoped, but at least we only lost $2.4m this time

Things can only get better, says storage firm

Beginner's guide to SSL certificates

Quantum's revenues declined in its third quarter but its losses shrank much faster.

The third fiscal 2014 quarter, which finished on 31 December, saw revenues of $146m, down 8 per cent on the year-ago number, but with the expected seasonal hike up from the prior quarter’s $131.4m.

There was a net loss, which we hadn’t expected, of $2.4m.

That’s much better than the $8.2m losses recorded a year ago and is less than half the prior quarter’s $5m loss. Things are on the up, despite “lower tape automation revenue and a decline in DXi sales from the record DXi quarter a year earlier.”

Quantum expects next quarter revenues to be between $125m and $130m, which, at the mid-point, would mean full year revenues of $552.9m, the seventh consecutive fall in annual revenues.

Will investors put up with an eighth year of decline? Surely not. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
IT crisis looming: 'What if AWS goes pop, runs out of cash?'
Public IaaS... something's gotta give - and it may be AWS
Linux? Bah! Red Hat has its eye on the CLOUD – and it wants to own it
CEO says it will be 'undisputed leader' in enterprise cloud tech
BT claims almost-gigabit connections over COPPER WIRE
Just need to bring the fibre box within 19m ...
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.