Quantum Sees Q2 Revenue At Top End Of Range - Quick Facts

(RTTNews) - Quantum Corp (QTM) said Monday that for the second quarter, it expects revenue to increase 3 percent to about $135 million, at the top of its July guidance range of $130 million to $135 million. Analysts polled by Thomson Reuters project revenue of $132.6 million.

The company expects second-quarter branded revenue of about $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."