This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Quantum Corporation Reports Fiscal Second Quarter Results 2009-10-27 16:36 ET - News Release SAN JOSE, CA
-- (MARKET WIRE)
-- 10/27/09  
Quantum Corp. (NYSE: QTM), the leading global
specialist in backup, recovery and archive, today announced that revenue
for its fiscal second quarter (FQ2'10), ended Sept. 30, 2009, was $175
million. This represented a 19 percent decline from the same period last
year (FQ2'09), primarily due to the significantly weaker economy, a
continued sales mix shift toward higher margin opportunities, and lower
royalties (partly reflecting a one-time royalty payment from Riverbed
Technology, Inc. last year). Despite the year-over-year decline, revenue
grew 9 percent on a sequential basis. In addition, the company increased
its GAAP gross margin rate to 43.8 percent and GAAP operating income margin
to 8.5 percent -- up from 38.5 percent and 2.6 percent, respectively, in
FQ2'09. In both cases, this was the highest level achieved in more than
eight years.
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