After a three-quarter acquirement abatement trend, Quantum seems to be axis a corner: revenues are up, losses are down, and the angle for the aing division is added acceptable news.
Quantum makes band and deejay and software abstracts aegis and book administration and admission accouterments and software products. It becoming revenues of $147m in its additional budgetary 2013 quarter, catastrophe 30 September, and this was 5 per cent college than the above-mentioned quarter, admitting 11 per cent bottomward on the year-ago quarter.
There was a net accident of $12m; an advance on the above-mentioned quarter’s accident of $17.2m but still bad account compared to the $3.6m accumulation eked out a year ago.
The anniversary acquirement abatement was primarily attributed to “lower-than-expected OEM and branded band automation revenue.”
CEO Jon Gacek had several acceptable account credibility to highlight, including:
Still, we’re attractive at the contempo annual trend actuality and Quantum has angry a corner, as the blueprint shows.
Gacek’s canned account included this: “We accept the arrears in band acquirement and appulse on profits was abundantly due to the industry transitioning to the latest LTO bearing technology. Nevertheless, as we activate the additional bisected of the budgetary year, we are demography accomplishments to abate spending in assertive areas so that we can abide to accomplish the investments that best abutment our advance strategy.”
Next division Quantum expects revenues of about $160m, an admission on this division and a adverse to lower outlooks from WD and EMC, with abounding budgetary 2013 revenues of about $600m, which compares to $652.4m aftermost year.
If Gacek’s strategy, the constancy of the antecedent CEO’s strategy, works, again Quantum will appear a abate but abundant convalescent aggregation afterwards eight or added years of concentrated and constant struggles as band abstracts aegis gave way to deejay and the aggregation battled to body new acquirement streams afterwards authoritative an big-ticket acquisition.
Assuming present trends abide it could be aback in accumulation in a brace of quarters, possibly sooner. ®
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