Articles about dxi

New Quantum head honcho thrown in at the deep end

Comment There's a new president and CEO at Quantum, with the board hoping for a dose of Patrick Dennis magic to fire up the company and return it to growth and profits. Dennis was CEO of Guidance Software, which made forensic security software such as EnCase. OpenText bought the company for $222m in September last year to add to its …
Chris Mellor, 17 Jan 2018
HBO: Game of Thrones

Stumbling StorNext ruins Quantum's solace

Quantum almost failed to meet its revenue expectations in its final fiscal 2017 quarter, as a StorNext revenue dip added to a seasonal decline. That StorNext dip was ascribed to fewer large deals than the same quarter a year earlier. Quantum’s fourth fiscal 2017 quarter showed annual growth, but only just, as the firm slipped …
Chris Mellor, 12 May 2017
Champagne_bottles

Too early for champers? Quantum faces its first sales rise in a decade

Get the champagne ready; Quantum might be facing its first annual revenue increase in 10 years – if the next quarter goes to plan. Quantum did as its preliminary 3Q17 statement said it would and showed third-quarter results significantly ahead from a year ago. Revenues of $133.5m were up 8 per cent on the $128m a year ago and …
Chris Mellor, 26 Jan 2017
Gacek_and_Cohen

Quantum: Well, would you look at that. We've made some money!

Quantum has surprised itself with preliminary quarterly revenue numbers well ahead of plan. Back in October, its second fiscal 2017 quarter saw an uptick in both revenues and profits after a whole slew of quarters showing downturns and even losses, as declining tape revenues obliterated gains from multi-tiered, single …
Chris Mellor, 13 Jan 2017

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
Iguazu_falls

The Quantum of solace: Well, at least the scale-out storage revenues were up

Quantum unsurprisingly saw declining revenues in its third quarter, hit by general storage market weakness and tape pricing falls which offset scale-out storage revenue increases. Revenues shrank 10 per cent annually to $128m in its fiscal 2016 third quarter ended Dec 31, 2015. They rose 9.4 per cent on the sequential compare …
Chris Mellor, 29 Jan 2016
money_987_648

Last orders cost Quantum dear as it limps to $11.2m loss

Storage company Quantum has confirmed its early October revenue warning, with second fiscal 2016 quarter revenues of $117m, and not the hoped-for $125m. There was a loss of $11.2m in the quarter, which compares with a loss of $10.8m in the previous quarter, and indeed a profit of $1.2m in the year-ago quarter. It attributed a …
Chris Mellor, 30 Oct 2015
Ejector_seat_action

Quantum's StorNext isn't storing up revenues fast enough

Quantum swung into loss-making territory with its latest quarterly results as reduced revenues couldn't cover existing costs. The StorNext ejector seat, as tape revenues crash and burn, maybe didn't operate fast enough. As its forewarning indicated, revenues in the quarter ending 30 June were down 13 per cent to $110.9m, from …
Chris Mellor, 3 Aug 2015
Finnish_Sauna_etching

Quantum blames wobbly storage world for its own wobbly financials

They say that when the tide goes out you can see who's been swimming naked. It's going out for Barracuda, QLogic, and Seagate, and Quantum makes four as it bares lousy preliminary Q1 numbers. Instead of the hoped-for $125 million to $135 million revenues in its first fiscal 2016 quarter, it's looking at just $111 million. This …
Chris Mellor, 17 Jul 2015
Phoenix

Tale of the tape: A happy Easter present from Quantum

Quantum has announced excellent preliminary results for its fourth fiscal 2015 quarter, confounding expectations of a fourth-quarter revenue drop with a rise. Is its time in the tape trough of despond over? It looks like it could be. Revenues of $145 million were 15 per cent higher year on year and $10 million more than …
Chris Mellor, 10 Apr 2015
Quantum_StorNext_Foundation_Pro

Shrinking tape, dedupe dumps... PAH! Just scale up scale-out – Quantum

StorNext scale-out storage is now a bigger business for Quantum than its deduplicating disk arrays. Quantum’s preliminary third fiscal 2015 quarter results show revenues below guidance at $142m but profits as predicted at $7m as it manages its shrinking tape automation business well. The OEM tape automation business shrank 31 …
Chris Mellor, 14 Jan 2015
Ocean yacht

Batten down the hatch- ... oh. Quantum's actually close to growth

It’s Quantum quarterly results time. The temptation is to immediately think same old, same old, but is its drawn-out recovery finally becoming visible? The top-line numbers don’t show it. First quarter fiscal 2015 revenues were $128.1m, almost $20m down on the year-ago quarter and a smidge up, just $100,000, on the previous …
Chris Mellor, 24 Jul 2014
Fox

Foxy investor ruffles feathers in Quantum’s hen house – fresh claim

Activist investor Starboard Value wants board-level changes at troubled storage gear maker Quantum, it's claimed. Quantum’s latest results showed falls on an annual basis in both its fourth quarter and full-year revenues. The company has been cutting its costs as tape-based revenues – 65 per cent of its business – continue a …
Chris Mellor, 14 May 2014

Quantum dedupe sales droop: But you can't say it didn't TRY

Quantum's latest results show that all the tape firm's sweat, gritted teeth and dogged determination hasn't come good - yet. In the fourth fiscal 2014 quarter, ended 31 March, revenue was $128.0 million, down nine per cent year-on-year, primarily due to lower tape automation and DXi (deduplicating backup appliance) sales. …
Chris Mellor, 9 May 2014
Quantum CEO Jon Gacek

Quantum expects to see Q3 revenue hike, sheds 60 extra bodies

Quantum expects to report a seasonal third quarter revenue hike in its third 2014 fiscal quarter ended 31 December, with lower costs helped by manufacturing outsourcing and several additional redundancies. El Reg storage desk has received several emails about the latter and they were also confirmed by the company. Revenues …
Chris Mellor, 16 Jan 2014
Quantum LTO-6 Ultrium tapes

Multimillion-dollar sack of Microsoft cash soaks up Quantum's bloodbath

Two charts show the essence of storage biz Quantum's problems: declining revenues are converting profits into deepening losses. But could 2014 be a breakout year? First, here are the quarterly revenues for fiscal years 2011 to 2013: Quantum Quarterly Revenues What happened? Quantum quarterly sales reducing over the years …
Chris Mellor, 5 Aug 2013
Henrik Rosendahl, senior VP Cloud Solutions, Quantum

Quizzed Quantum veep quashes hardware quit rumours

Interview Is big data and big storage biz Quantum finally moving away from its hardware business to the cloud? This question was raised by a statement from Henrik Rosendahl, Quantum's Cloud Solutions SVP: Quantum is transitioning its business from being a predominantly hardware-based, on-premise data protection provider to turning into …
Chris Mellor, 1 Aug 2013

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