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quantum corp (QTM) Key Developments

Quantum Corporation Presents at Benchmark's Micro Cap Discovery One-on-One Conference, Dec-11-2014

Quantum Corporation Presents at Benchmark's Micro Cap Discovery One-on-One Conference, Dec-11-2014 . Venue: The Palmer House Hilton, 17 E. Monroe, Chicago, IL 60603, United States. Speakers: Jonathan W. Gacek, Chief Executive Officer, President and Director, Linda M. Breard, Chief Financial Officer, Chief Accounting Officer and Senior Vice President of Finance, IT & Facilities.

Quantum Corporation Extends its Line of High-Performance StorNext Pro Solutions

Quantum Corporation has extended its line of high-performance StorNext Pro Solutions with the introduction of StorNext Pro Foundation, a low-cost, integrated shared storage system designed specifically for smaller workgroups. Built on proven StorNext 5 collaboration and workflow software, StorNext Pro Foundation brings the capabilities of Quantum's StorNext Pro Solutions to a new audience of media professionals in post and broadcast as well as those managing corporate and government video. Complete, High-Performance Solution: Ready to deploy within new or existing networks, StorNext Pro Foundation gives smaller production workgroups a high-performance, attractively priced solution for managing content from ingest to delivery to archive. The underlying StorNext 5 platform enables extreme versatility to ensure that, as customers' workflows evolve, the solution will provide the power to meet their needs for content ingest from multiple sources, collaborative content creation, on-time delivery in any format and content preservation for future monetization. Full Xsan Compatibility: StorNext Pro Foundation provides full Xsan compatibility, enabling smaller workgroups -such as ad agencies, corporate video production departments and houses of worship that create significant amounts of video -to refresh or upgrade their Xsan storage; and current StorNext users can also leverage StorNext Pro Foundation to add smaller workgroups for graphics, rendering and EFX. Configurations and Support: StorNext Pro Foundation comes in either 48TB or 96TB configurations, which respectively support five and seven simultaneous Xsan/Windows/Linux SAN clients, including two Windows/Linux SAN clients as core system components; either configuration can support up to four file systems (volumes) comprising 100 million files; the 48TB configuration is upgradable to 96TB; customers have the option of purchasing a StorNext AEL500 tape archive with either the 48TB or the 96TB configuration; and StorNext Pro Foundation includes one year of Quantum support with 30-minute phone response.

Quantum Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Third Quarter and Fiscal Year of 2015

Quantum Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company’s total revenue was $135,106,000 against $131,479,000 a year ago. Income from operations was $3,845,000 against loss from operations of $4,965,000 a year ago. Income before income taxes was $1,604,000 against loss before income taxes $7,359,000 a year ago. Net income was $1,248,000 or nil basic and diluted share against loss of $7,893,000 or $0.03 per basic and diluted loss per share a year ago. Non-GAAP net income was $6,765,000 or $0.03 basic and diluted per share against net loss of $1,880,000 or $0.02 basic and diluted per share a year ago. Non-GAAP income from operations was $9,362,000 against $1,048,000 a year ago. For the six months, the company’s total revenue was $263,234,000 against $279,328,000 a year ago. Income from operations was $2,338,000 against loss from operations of $770,000 a year ago. Loss before income taxes was $2,472,000 against $3,688,000 a year ago. Net loss was $3,076,000 or $0.01 per basic and diluted share against $4,612,000 or $0.02 per basic and diluted share a year ago. Net cash provided by operating activities was $8,551,000 against net cash used in operating activities of $8,228,000 a year ago. Purchases of property and equipment were $1,912,000 against $3,226,000 a year ago. Non-GAAP net income was $9,144,000 or $0.04 basic and diluted per share against loss of $9,540,000 or $0.04 basic and diluted per share a year ago. Non-GAAP income from operations was $14,558,000 against $14,922,000 a year ago. For the third quarter of 2015, revenue of approximately $145 million to $150 million, GAAP net income of $7.9 million to $8.9 million, or $0.03 per diluted share, non-GAAP net income of $11 million to $12 million, or $0.04 per diluted share. Non-GAAP gross margin of approximately 45%. Non-GAAP operating income of $14 million to $15 million. The company also expects interest expense of $2.5 million, taxes of $500,000 and non-GAAP net income of $11 million to $12 million or $0.04 per diluted share. For the fiscal 2015, Quantum has raised the lower end of its revenue guidance for the full fiscal year and increased its net income and earnings per share guidance. The company now expects Revenue of approximately $545 million to $550 million, GAAP net income of $8.9 million to $9.9 million, or $0.03-$0.04 per diluted share, Non-GAAP net income of $24 million to $25 million, or $0.08-$0.09 per diluted share. Non-GAAP gross margin of approximately 45%. Non-GAAP operating income of $35 million to $36 million. With lower operating expenses, the company expects operating income, net income and EPS to be higher than original guidance. The company expects interest expense of $10 million.

Avere Systems and Quantum Corp. Announce Joint Storage Solution

Avere Systems and Quantum Corp. announced a joint storage solution designed to optimize workflows for the oil and gas industry. The combined approach provides an integrated network attached storage (NAS) solution with cloud storage that extends data availability at a lower cost, enabling upstream workflows to keep strategic information close at hand, shortening project cycle time and improving exploration analysis. Avere Cloud NAS powered by FlashCloud combined with Quantum Lattus extended online storage is now certified to deliver cost-effective cloud storage with the high-performance access required for oil and gas exploration. Advantages of FXT Edge Filers and Lattus for Oil and Gas Environments: With more data than ever before being generated for oil exploration, traditional solutions relying on replication and RAID do not provide cost-effective global access to content, can place a heavy burden on network storage and drive storage capacity demands beyond budget. Together, Avere FlashCloud on FXT Edge Series filers and Quantum Lattus extended online storage provide a comprehensive solution that delivers several key advantages: Extreme Scalability: Avere FXT filers deliver scalable NAS performance in a clustered configuration while FlashCloud provides access to Quantum Lattus, offering cost-effective performance and capacity that is simple to manage, capable of expanding to hundreds of petabytes without disruption. Flexible On-ramp to the Cloud: Avere's global namespace joins Lattus and legacy NAS into a single pool of storage so oil and gas users can store their data wherever it makes most sense and adopt Lattus storage at a managed pace. Avere's FlashMove(R) transparently moves live, online data to Lattus without disruption while FlashMirror(R) replicates data to Lattus for disaster recovery. Durable, Self-healing Protection: Lattus delivers built-in data resiliency with self-healing protection, guarding data against component failure and even site disaster. Lower Cost of Ownership: The combination of FXT Edge filers with Lattus' cost-effective object storage leverages efficient data spread algorithms that require less storage than RAID to protect data, enabling 70% or more savings in total cost of ownership compared to traditional NAS implementations. High-speed Access: Avere Cloud NAS - powered by FlashCloud running on FXT Edge filers - eliminates the latency of access to content pools that reside in cloud storage. Availability: The combined Avere-Quantum solution is currently available.

Santa Barbara City College Turns to Quantum to Meet VM Protection Challenge

Quantum Corp. announced that Santa Barbara City College has reduced time spent on virtual machine (VM) backup and restores by 90% following deployment of vmPRO(TM) software and DXi(R) -Series deduplication to protect the school's VM data. By instituting a new backup workflow to manage data growth and cut its reliance on disk storage, the college has opened the door for more strategic projects. Protecting its fast-growing student and administrative data is a primary mission of the Santa Barbara City College IT department. After implementing VMware to virtualize its server environment, the data protection challenge became more complex and expensive. The college used NetBackup to protect its physical servers, writing data to tape, but needed a different approach for virtual machines. Full weekly backups took more than two days to complete, and the system performance did not allow effective daily incremental backups, so some data was not getting protected each day. Restores were also a major bottleneck. The IT team looked at a range of alternatives to solve the problems and still provide good VM protection within budget. The team needed a way to provide offsite protection and wanted assurance that its supplier had the experience to provide long-term support. The college selected a Quantum solution consisting of vmPRO data protection software and a pair of DXi deduplication appliances. VMs are now backed up by vmPRO software and written directly to a DXi appliance in the school's main data center. The physical servers are still backed up by NetBackup, but they are now written directly to disk, to a second share in the same DXi. The backups are also replicated to a second DXi appliance located in a remote data center to provide a copy for offsite DR protection. The advantages of the new system are clear. With backup and restore successfully streamlined, the IT team can now focus on its next big project--desktop virtualization.

 

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