Quantum Corp. (QTM) Reports In-Line Q4 EPS, Offers Q1 & FY Guidance

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Quantum Corporation Reports Fiscal Fourth Quarter and Full Year 2016 Results

May 10, 2016 4:16 PM EDT

SAN JOSE, Calif., May 10, 2016 /PRNewswire/ -- Quantum Corp. (NYSE: QTM) today reported results for the fiscal fourth quarter (FQ4) and full year 2016 (FY16) ended March 31, 2016.

Total revenue was $120.0 million for FQ4 and $476.0 million for the year. These results were down from the comparable prior year periods, reflecting weakness in the enterprise storage market that has also impacted many other companies in the... More