Global cloud spending is expected to grow at a robust pace over the next few years. According to a report from Seagate Market Research and IDC cloud is expected to represent 39% of total enterprise drive capacity by 2013. This augurs well for Quantum which offers solutions for storing and protecting information in physical, virtual, cloud and big data environments. Last month Quantum reported strong financial results for its third quarter of fiscal 2013. For the quarter ended December 31, 2013, the San Jose, California-based company reported revenue of $159 million. On a GAAP basis the company reported a net loss of $8 million or $0.04 per share for the quarter. On a non-GAAP basis the company reported net income of $5 million or $0.02 per share.
Read Full Article
No comments:
Post a Comment