Articles about stornext

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

Xcellis: From 'gateway' for NAS dabblers to pusher of hardcore scale-out NAS boxen

Quantum has announced an Xcellis scale-out NAS system, claiming performance is three times better than the next-best competing NAS system. Xcellis is hardware separated into Workflow Director Nodes and Workflow Director Storage. The Director Nodes run StorNext software, which provides access to a multi-tier and single …
Chris Mellor, 12 Dec 2017

Quantum CEO exits as scale-out storage rescue fails

It's blood on the boardroom table at Quantum as an activist investor joins the board, the CEO leaves, the scale-out storage revenue rescue strategy fails, revenues turn down, and hopes turn to a software-defined, cloud-native future. Deep breath folks, and a quick history lesson. Quantum was one of the dominant big-iron tape …
Chris Mellor, 10 Nov 2017
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

Quantum's scale-out storage revenues didn't scale out enough

Quantum delivered flat results with its business in limbo and awaiting direction and tuning from the new and CEO-less board. Essentially Quantum's revenues and net income were flat on the annual compare, with a trivial rise in revenue and a trivial reduction in net loss.   Q1 Fy2018 Q1 Fy2017 Q4 Fy2018 Revenues $116, …
Chris Mellor, 10 Aug 2017
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
The big split

Quantum sidesteps NYSE delisting with reverse stock-split move

Data protection and multi-tier file management supplier Quantum is escaping a delisting threat from the New York Stock Exchange with a 1:8 reverse stock split. The company’s shares had not traded at the minimum required average closing price of $1.00 for 30 consecutive trading days when NYSE issued the delisting threat letter …
Chris Mellor, 4 Apr 2017
Hannibal Lector wearing mask

White-knight investors or capitalist cannibals? VIEX vexes Quantum

In another wonderful example of the US capitalist system's ability to enable businesses to eat each other for short-term shareholder reward, an activist investor is looking to take over Quantum's board and restore shareholder value. VIEX Capital Advisors takes a stake in small cap companies that have under-performed on the …
Chris Mellor, 3 Feb 2017

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

Quantum heaves sigh of relief as red ink washes away

Made it! Quantum is back in profit after five loss-making quarters. It made $3.8m profit on revenues of $134.7m in its second fiscal 2017 quarter; they were $117m a year ago, with a net loss of $11.2m, and $116.3m in the previous quarter, which saw a $3.8m loss. Finally all that hard work in building up StorNext revenues …
Chris Mellor, 27 Oct 2016

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
Big cloud, image via Shutterstock

Quantum of solace: Mega cloud signing to end years of hurt?

Quantum says it has won a major cloud storage deal that could help reverse years of falling revenues. It's also announced a new chief financial officer: Fuad Ahmad will take over from Linda Breard. Breard became Quantum's chief beancounter in January 2011, and resigned in January to pursue another opportunity. Ahmad gets an …
Chris Mellor, 19 Apr 2016

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

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

Quantum packs new StorNext hardware in a software glove

Quantum has given its StorNext file and data management product a hardware makeover, with faster Xcellis hardware taking up less rackspace than existing components. StorNext provides access to a virtualised single repository with four tiers. It serves primary data from its drive array to users' workstations and applications …
Chris Mellor, 27 Oct 2015

Quantum sells so much product that its earnings might shrink

Quantum says it will make lower revenues than expected this quarter because it sold too many products and its supply chain couldn't keep up. How does that work? The data centre equipment firm thought its revenues for its second fiscal 2016 quarter, which finished on September 30, were going to be between $120m and $130m. Now …
Chris Mellor, 8 Oct 2015

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

Cash-happy Quantum is poised to enter the HPC market

Quantum's confirmed fourth quarter and full fiscal 2015 results were better than the prelim numbers, with full year net income the highest in more than five years, and it's aiming to move into high-performance computing storage. Q4 revenues were $147.8m (the preliminary figure was $145m) with net income of $12.9m (prelim: $12m …
Chris Mellor, 7 May 2015

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