Quantum Corp. (QTM) Misses Q3 EPS by 1c; Guides Below
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Quantum Corporation Reports Fiscal Third Quarter 2016 Results
January 28, 2016 4:16 PM ESTSAN JOSE, Calif., Jan. 28, 2016 /PRNewswire/ --Â Quantum Corp. (NYSE: QTM) today reported results for the fiscal third quarter 2016 ended Dec. 31, 2015.
Fiscal Third Quarter 2016 Results:(All comparisons are relative to the fiscal third quarter 2015.)
Revenue was $128.0 million, driven by continued strength in scale-out storage offset by overall weakness in the general storage market and pricing environment of commodity tape media products. Scale-out storage and related service revenue grew approximately $8.5 million to an all-time high of $35.7 million, a 31 percent increase,... More