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Quantum says sales exceeded expectations

Quantum made great progress last quarter in its quest to become not-just-a-tape-company.

Quantum said Thursday night that it exceeded its forecast for revenue last quarter, with the upside coming from its disk products. It also turned a $12 million profit, but that was due to its investment in object storage vendor Amplidata.

Quantum said its revenue for the quarter exceeded $145 million, well above its guidance range of $130 million to $135 million and up from $128 million last year. Scale-out storage – mainly StorNext – more than doubled to over $30 million and DXi disk backup revenue increased nearly 30 percent to approximately $25 million.

Although the vendor still drives most of its revenue from tape, no tape products were mentioned in the release. Quantum’s tape sales have been on a steady decline, like most tape vendors.

Quantum’s net income of $12 million included a $13 million payout from Western Digital’s acquisition of Amplidata. Quantum helped fund Amplidata, which is also a strategic partner. Quantum OEMs Amplidata’s Himalaya software in its Lattus appliances.

Quantum’s overall revenue as well as its StorNext and DXi numbers all increased in the first calendar quarter from the fourth quarter last year. That’s unusual in the storage business because the fourth quarter is usually the best quarter for sales.

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