Storage system vendor Quantum (QTM -17.6%) is plunging after reporting FQ1 revenue and non-GAAP...

|About: Quantum Corporation (QTM)|By:, SA News Editor

Storage system vendor Quantum (QTM -17.6%) is plunging after reporting FQ1 revenue and non-GAAP EPS of $154M (-6% Y/Y) and $0.01, below a consensus of $159.9M and $0.03. The company expects FQ2 revenue of $160M, below a $170.3M consensus. Quantum blames its FQ1 shortfall on weak disk system and software sales (transcript)