Quantum Lifts Q3 Revenue Outlook - Quick Facts

(RTTNews) - Quantum Corp. (QTM) announced preliminary results for the third quarter of fiscal 2014 ended Dec. 31, 2013. The company expects to report revenue of about $145 million to $146 million, up from $133 million to $143 million provided earlier.

Analysts currently expect revenue of $138.69 million for the third quarter.

The company said the higher revenue reflects particularly strong sequential improvement in sales of Scalar tape automation systems and DXi deduplication appliances and year-over-year revenue growth of approximately 20 percent from StorNext scale-out storage solutions.

In addition, Quantum expects non-GAAP net income of $6 million to $7 million, which is better than the high end of the previously announced guidance range.