Quantum Corp. (NYSE: QTM) has reported third quarter 2016 scale-out storage and related service revenue grew approximately USD8.5 million to an all-time high of USD35.7 million, a 31 percent increase, marking the 18th consecutive quarter of year-over-year growth.
Royalty revenue increased USD0.6 million to USD11.3 million.
Disk backup systems and related service revenue decreased to USD19.6 million.
Branded tape automation and related service revenue decreased to USD38.5 million, while OEM tape automation and related service revenue decreased to USD12.7 million.
Devices and media revenue decreased to USD10.2 million as a result of a USD3.5 million decline in tape media revenue.
GAAP and non-GAAP operating income of USD2.0 million and USD7.2 million, respectively.
Quantum is a leading expert in scale-out storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle.