Quantum Corporation Reports Fiscal Second Quarter 2017 Results

Published on Oct 26, 2016 in Quantum

This post was originally posted to the Quantum website.

Key Year-Over-Year Highlights:

– Total revenue of $134.7 million, up 15%

– Scale-out storage revenue of $46.7 million, up 56%

– GAAP net income of $3.8 million, a $15.1 million improvement

– Non-GAAP net income of $6.0 million, a $13.4 million improvement

SAN JOSE, Calif., Oct. 26, 2016 /PRNewswire/ — Quantum Corp. (NYSE: QTM) today reported results for the fiscal second quarter 2017 ended Sept. 30, 2016 (all comparisons are relative to the fiscal second quarter 2016 unless otherwise stated)1:

Total revenue was $134.7 million, an increase of $17.7 million.
Scale-out storage revenue grew to a record $46.7 million, up from $29.9 million and the 21st consecutive quar…

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