For Now Quantum Revenues Continue To Grow
For Now Quantum Revenues Continue To Grow. The other day following their formal announced, I received an summary update from Quantum pertaining to their recent Q1 Results (show later below).
Various IT and Cloud Infrastructure Layers including Data Infrastructures
Quantums Revenues Continue To Grow Like Data
One of the certainties in life is change and the other is continued growth in data that gets transformed into information via IT and other applications. Data Infrastructures fundamental role is to enable an environment for applications and data to be transformed into information and delivered as services. In other words, Data Infrastructures exist to protect, preserve, secure and serve information along with the applications and data they depend on. Quantums role is to provide solutions and technologies for enabling legacy and cloud or other software defined data infrastructures to protect, preserve, secure and serve data.
What caught my eye in Quantums announcements was that while not earth shattering growth numbers normally associated with a hot startup, being a legacy data infrasture and storage vendor, Quantum’s numbers are hanging in there.
At a time when some legacy as well as startups struggle with increased competition from others including cloud, Quantum appears for at least now to be hanging in there with some gains.
The other thing that caught my eye is that most of the growth not surprisingly is non tape related solutions, particular around their bulk scale out StorNext storage solutions, there is some growth in tape.
Here is the excerpt of what Quantum sent out:
Highlights for the quarter (all comparisons are to the same period a year ago): • Grew total revenue and generated profit for 5th consecutive quarter • Total revenue was up slightly to $117M, with 3% increase in branded revenue • Generated operating profit of $1M with earnings per share of 4 cents, up 2 cents • Grew scale-out tiered storage revenue 10% to $34M, with strong growth in video surveillance and technical workflows o Key surveillance wins included deals with an Asian government for surveillance at a presidential palace and other government facilities, with a major U.S. port and with four new police department customers o Established several new surveillance partnerships – one of top three resellers/integrators in China (Uniview) and two major U.S. integrators (Protection 1 and Kratos) o Won two surveillance awards for StorNext – Security Industry Association’s New Product Showcase award and Security Today magazine’s Platinum Govies Government Security award o Key technical workflow wins included deals at an international defense and aerospace company to expand StorNext archive environment, a leading biotechnology firm for 1 PB genomic sequencing archive, a top automaker involving autonomous driving research data and a U.S. technology institute involving high performance computing o Announced StorNext 6, which adds new advanced data management features to StorNext’s industry-leading performance and is now shipping o Announced scale-out partnerships with Veritone on artificial intelligence and DataFrameworks on data visualization and management • Tape automation, devices and media revenue increased 6% overall while branded revenue for this product category was up 14% o Strong sales of newest generation Scalar i3 and i6 tape libraries • Established new/enhanced data protection partnerships o Enhanced partnership with Veeam, making it easier for their customers to deploy 3-2-1 data protection best practices o Became Pure Storage alliance partner, providing our data protection and archive solutions for their customers through mutual channel partners
Where To Learn More
Learn more about related technology, trends, tools, techniques, and tips with the following links.
- Modernizing Data Protection = Using new and old things in new ways
- HDD topics and what to use for bulk and content storage
- Like IT Data Centers Do You Take Trade Show Exhibit Infrastructure For Granted?
- Zombie Technology Life after Death Tape Is Still Alive
- Who Will Be At Top Of Storage World Next Decade?
- NVMe related and flash SSD along with cloud, bulk, object storage topics
- Software Defined Data Infrastructure Essentials (CRC Press) that provides mover coverage of NVM and NVMe among other topics.
What This All Means
Keep in mind that Data Infrastructures fundamental role is to enable an environment for applications and data to be transformed into information and delivered as services. Data Infrastructures exist to protect, preserve, secure and serve information along with the applications and data they depend on. Quantum continues to evolve their business as they have for several years from one focused on tape and related technologies to one that includes tape as well as many other solutions for legacy as well as software defined, cloud and virtual environments. For now, quantum revenues continue to grow and diversify.
Ok, nuff said, for now.
Greg Schulz – Multi-year Microsoft MVP Cloud and Data Center Management, VMware vExpert (and vSAN). Author of Software Defined Data Infrastructure Essentials (CRC Press), as well as Cloud and Virtual Data Storage Networking (CRC Press), The Green and Virtual Data Center (CRC Press), Resilient Storage Networks (Elsevier) and twitter @storageio.
Courteous comments are welcome for consideration. First published on https://storageioblog.com any reproduction in whole, in part, with changes to content, without source attribution under title or without permission is forbidden.
All Comments, (C) and (TM) belong to their owners/posters, Other content (C) Copyright 2006-2018 Server StorageIO(R) and UnlimitedIO. All Rights Reserved.