Storage Clips: Veritas Q4 profit falls, revenue rises

Veritas, Exabyte, Adaptec report financial results; Arkeia launches data protection program.


Veritas Q4 profit falls, revenue rises
Veritas Software Corp. reported that its fourth-quarter profit fell compared to year-ago results that included a large one-time gain, but revenue grew based on demand for the company's data management products. Fourth-quarter income was $128.7 million, or 30 cents, down from $190.6 million, or 43 cents, a year earlier. Revenue rose to $574.4 million from $501.9 million. Analysts surveyed by Thomson First Call expected a profit of 25 cents per share on revenue of $541.8 million.


Exabyte reports Q4 net loss
Exabyte Corp., provider of tape backup, restore and archival systems, announced results for the fourth quarter of 2004 and the year ending Dec. 31, 2004. Revenue for the fourth quarter of 2004 totaled $25.7 million, compared to revenue of $23.6 million for the third quarter of 2004 and $25.9 million for the fourth quarter of 2003. Net loss for the fourth quarter of 2004 was $2.3 million, while net loss for the third quarter of 2004 was $3.9 million. Net loss for the fourth quarter of 2003 was $5.6 million.


Adaptec reports net profit
Adaptec Inc. reported its financial results for the quarter ending Dec. 31, 2004. Net income for the third quarter of fiscal 2005 on a GAAP basis was $22.5 million or 17 cents per share, compared with a net loss of $3.0 million, or 3 cents per share, for the third quarter of fiscal 2004 and a net loss of $8.1 million, or 7 cents per share, for the second quarter of fiscal 2005. Net revenue for the third quarter of fiscal 2005 was $126.5 million, compared with $115.1 million for the third quarter of fiscal 2004 and $121.7 million for the second quarter of fiscal 2005.


Arkeia launches data protection program
Arkeia Corp., a provider of backup and recovery products for Linux-based environments, launched a worldwide program dubbed "Jump Start" that offers white-box and appliance-system builders the ability to market integrated data protection products based on the company's Linux backup and recovery software. The strategic initiative is spearheaded by Dave Elliott, Arkeia's new director of business development. The Jump Start Program for system builders offers technical and sales training, worldwide engineering and technical support for product integration, and specific awareness and lead generation activities.

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