Quantum Corporation reports developments in data management systems and software for unstructured data used in AI, media, government, research, life sciences, and industrial technology workflows. Its news commonly covers high-performance ingest, object storage, cold storage, tape libraries, data lakes, media asset management, and workflow orchestration across products such as ActiveScale, CatDV, Scalar, and StorNext.
Company updates also address customer deployments, technology integrations, partner certifications, archive and cyber-resilience use cases, quarterly financial results, operating efficiency initiatives, investor conference participation, and executive or finance organization changes.
Quantum Corp. (NASDAQ: QMCO) has launched new multi-factor authentication software for its Scalar® i3 and i6 tape libraries to enhance security against ransomware attacks. This innovation emphasizes Quantum's commitment to protecting customer data. The new Ransomware Protection Packs, starting at $9,999, bundle various security features, leveraging Active Vault and AES-256 encryption. The offerings aim to facilitate data protection across organizations of varying sizes. Positive initial reception from customers and channel partners has been reported since January.
Quantum Corporation (NASDAQ: QMCO) reported fiscal 2020 financial results, with revenue of $402.9 million, a slight increase from $402.7 million in fiscal 2019. Gross margins improved to 42.8% from 41.6%. Despite a net loss of $5.2 million or $(0.14) per diluted share, adjusted net income rose to $15.4 million, showing a significant improvement year-over-year. Operating expenses decreased by 12% to $151.3 million. The company anticipates a challenging outlook for the first fiscal quarter of 2021 due to COVID-19 disruptions, expecting revenues around $73 million.
Quantum Corp. (NASDAQ: QMCO) announced that Eric Bassier, the senior director of product marketing, will present at ISC 2020 Digital from June 22-25, 2020. His presentation will focus on machine learning and its data storage requirements, discussing key considerations for machine learning at scale, reference architectures, and long-term data preservation options. This event highlights Quantum's advancements following the addition of ActiveScale object storage to its portfolio, which supports high-performance computing needs.