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Quantum Corporation Reports Fiscal Second Quarter Results
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Generates Record Revenue From Big Data Management and Archive Solutions, Including Several Key Lattus Object Storage Deals
SAN JOSE, CA -- (Marketwired) -- 10/23/13 --
Quantum Corp. (NYSE: QTM), a proven global expert in data protection and big data management, today reported results for the second quarter of fiscal 2014, ended Sept. 30, 2013. Revenue for the quarter was $131.4 million, down 11 percent from the second quarter of fiscal 2013, primarily as a result of softness in Asia and lower-than-expected revenue from the U.S. federal government and Europe. Quantum achieved record revenue from sales of its big data management and archive solutions and also reported a higher gross margin ...