Quantum Anticipates Second Quarter Fiscal 2015 Revenue at High End of Guidance
Quantum Corp. announced preliminary results for the second quarter of fiscal 2015, ended September 30, 2014. The company expects to report total revenue of approximately $135 million, at the top of Quantum’s July guidance range of $130 million to $135 million, and a three percent increase over the same period last year.
In addition, the company will announce:
- Branded revenue of approximately $107 million, up six percent year-over-year driven by over 50 percent growth in scale-out storage revenue and 11 percent growth in revenue from DXi deduplication sales; and
- Continued improvement in profitability as the result of revenue growth and greater operational efficiencies.
“These strong preliminary second quarter results demonstrate the success we’re seeing in the market and the increased leverage we’ve driven in our business over the last 18 months,” said Jon Gacek, president and CEO of Quantum. “During this time we’ve made several strategic improvements to our operating model while continuing to invest in products that not only generate higher levels of profit and cash flow but also deliver strong revenue growth.
“We’re very pleased with the great progress we’ve made, particularly growing total revenue year-over-year for the first time in five quarters, with substantial growth in both scale-out storage and DXi deduplication. These results demonstrate the strength and breadth of our entire product portfolio in helping customers meet their complex workflow needs.”