Yesterday was an exciting day for Quantum. We had the honor of ringing the Closing Bell® on the New York Stock Exchange to commemorate the 35th anniversary of the company’s founding. It was a great feeling to represent the entire Quantum team as we marked this significant milestone and looked forward to building on our rich heritage.
The company has changed significantly over the years, but there are several common themes that have remained constant:
Earlier in our history, we were the world’s largest provider of hard disk drives (a business we sold in 2001). Later we built our reputation as a top tape backup company and have long held the #1 market share position in open systems tape automation. We were a pioneer in disk-based data deduplication, and we continue to offer best-in-class deduplication appliances as part of a comprehensive data protection and archive portfolio. Most recently, we’ve established ourselves as the go-to provider of scale-out storage and data management for the most demanding workflows. And throughout our history, we’ve won countless product awards and other honors. In short, our leadership has taken different forms, but our continued innovation and adaptation have enabled Quantum to remain a key player in the ever-changing storage industry.
From hardware manufacturers to resellers and distributors to other technology providers, we’ve never lost sight of the fact that our success depends on building and maintaining strong, win-win partnerships. Even as we’ve become a full solutions provider over the last several years, we’ve focused greater attention on expanding our partner ecosystem and channel relationships.
After starting out as an OEM supplier, we later built a global branded business that today provides most of our revenue in the form of full systems and solutions sold to organizations ranging from small businesses to multinational corporations. What’s remained consistent throughout is our commitment to meeting customers’ needs, as reflected in our large and long-standing install base.
The most important constant over the past 35 years has been the strength of our people. It’s because of the hard work and dedication of all our team members, past and present, that we’ve been able to keep innovating and delivering on our customer and partner commitments. It hasn’t always been easy, and the fact that we’ve been able to overcome significant challenges throughout our history is further testament to the great team we’ve always had at Quantum.
That brings us to today, where we’ve just come off a fiscal year in which we delivered some of our best financial results in a long time, including our strongest year-over-year revenue performance in eight years and annual growth of nearly 75% in scale-out storage. As we look forward, we are very excited about the critical role we are playing in helping more and more customers maximize the strategic value of their data throughout its lifecycle to achieve their business and mission objectives.
On behalf of everyone at Quantum, I want to thank our customers, partners and shareholders for their support throughout the years and reiterate our commitment to driving a strong Quantum future that will benefit us all.
Watch the Recap
Check Out the Recap of $QTM Ringing the Bell on the NYSE