Friday, July 27, 2018

Western Digital: Fiscal 4Q18 Financial Results

Demand for HDDs and flash-based offerings remained strong

Western Digital Corp. reported revenue of $5.1 billion for its fourth fiscal quarter ended June 29, 2018.

Operating income was $843 million with net income of $756 million, or $2.46 per share. Excluding certain non-GAAP adjustments, the company achieved non-GAAP operating income of $1.3 billion and non-GAAP net income of $1.1 billion, or $3.61 per share.

In the year-ago quarter, the company reported revenue of $4.8 billion, operating income of $652 million and net income of $280 million, or $0.93 per share. Non-GAAP operating income in the year-ago quarter was $1.2 billion and non-GAAP net income was $881 million, or $2.93 per share.
The company generated $863 million in cash from operations during the fourth fiscal quarter of 2018, ending with $5.1 billion of total cash, cash equivalents and available-for-sale securities.

On May 2, 2018, the company declared a cash dividend of $0.50 per share of its common stock, which was paid to shareholders on July 16, 2018.

For fiscal 2018, the company achieved record revenue of $20.6 billion, operating income of $3.6 billion and net income of $675 million, or $2.20 per share, compared to fiscal 2017 revenue of $19.1 billion, operating income of $2.0 billion and net income of $397 million, or $1.34 per share. On a non-GAAP basis, fiscal 2018 operating income was $5.4 billion and net income was $4.5 billion, or $14.73 per share, compared to fiscal 2017 operating income of $3.9 billion and  net income of $2.7 billion, or $9.19 per share.

The company generated $4.2 billion in cash from operations during the fiscal year 2018 and returned $1.2 billion to shareholders through share repurchases and dividends. 

The board of directors has authorized a new $5 billion share repurchase program, replacing all prior programs.

Wednesday, July 11, 2018

External Storage Market in India Up 13% Y/Y

India's external storage market witnessed a growth of 12.7% Y/Y (by vendor revenue) and stood at $84.1 million in 1Q18.

External storage market growth in 1Q18 was majorly driven by increased spending from banking organizations. Major Industry verticals such as banking, professional services, manufacturing, telecommunications and government together contributed to more than 80% of overall external storage market in 1Q18.

Organizations are witnessing significant data growth and there are challenges for getting IT budgets for traditional hardware. Organizations are considering technologies to help data optimization and consolidation as ways to overcome this difficulty.

Mid-range storage segment witnessed a significant growth Y/Y due to large banking and professional services deployments while entry-level storage segment saw a decline in 1Q18. Midrange external storage segment continued to lead the market with more than 58% market share in 1Q18.

Thursday, June 28, 2018

Jamie Lerner CEO and President, Quantum

Most recently VP and COO for Pivot3 after executive positions at Cisco and Seagate
Quantum Corp. announced that its board of directors has appointed Jamie Lerner as CEO and president effective July 1, 2018.

He is a seasoned executive with experience developing innovative technology portfolios and high-growth organizations, will oversee the day-to-day leadership of the company, including its ongoing business transformation and cost savings initiatives.

"Jamie is a competitive and energetic leader with a strong reputation for inspiring teams, fortifying business operations and directing astute product strategies to deliver bottom-line results," said Raghu Rau, chairman, Quantum. "He understands the storage market dynamics, customer needs and the opportunities that exist. We look forward to his leadership in helping Quantum complete its highest priority of achieving sustained profitability while delivering top storage solutions and services to customers."

Lerner brings storage industry knowledge and cross-functional management experience and has served in executive roles at a number of global and Fortune 500 companies, including Cisco and Seagate. While at Cisco, he led the turnaround of three business units under the cloud and systems technology group, and managed approximately 40 products with more than 2,500 employees. At Seagate, he served as president of the cloud systems and solutions business, where he integrated the Xyratex acquisition, turned around eight quarters of negative growth, and achieved four consecutive quarters of top line growth above the plan of record. Most recently, he served as VP and COO for Pivot3, a hyperconverged infrastructure and video surveillance technology company, where he had responsibility for operations, global field sales, customer support, professional services, manufacturing and supply chain.

"I am excited to join Quantum during this transformative phase," said Lerner. "At a time when the industry is experiencing disruptive technologies and new, evolving storage requirements, I see much opportunity for Quantum and its ability to drive customer success.  I am truly excited to work with our customers, employees, partners and shareholders to drive the next phase of Quantum's success."

Wednesday, June 13, 2018

Nexsan Assureon Cloud Transfer for Secure Archive Storage System

Nexsan Corporation announced the Assureon Cloud Transfer, an additional feature of its Assureon secure archive storage system. 

This add-on enables customers to freely migrate or copy data to or from public cloud platforms and Assureon's on-premise archive storage providing long-term data protection and retention. Assureon Cloud Transfer is designed to combat the rising costs of cloud storage and offers a security and integrity feature set.

The cloud offers flexibility and elasticity, but by unnecessarily keeping cold data in the cloud for long periods of time, organizations are struggling with painfully high invoices from their cloud vendor. With Assureon Cloud Transfer, customers can utilize the best features of the cloud, while offloading cold data onto a secure Assureon on-premise hardware platform. This reduces the accumulating premium costs associated with keeping data in the public cloud, providing data portability while reducing risk of cloud vendor lock in. Assureon Cloud Transfer optimizes demands on backup infrastructure. In addition, organizations can set policies to automate the process, allowing cold data to move freely and automatically from and to the cloud to Assureon, yet retaining immediate access to all files from any desired cloud server instance.

The Assureon on-premise archive hardware provides assured data protection and integrity for long term storage of important digital assets. Used by thousands of organizations to protect their most sensitive or valuable digital files, it implements a file fingerprinting and asset serialization process combined with metadata authenticated by a private blockchain. This enables automated integrity audits, providing positive assurance of the completeness and authenticity of business records. It also provides a suite of defenses against the growing menace of ransomware and other threats which mimic the permissions of genuine users to cause damage and may be configured to support any regulatory or compliance regimen including HIPAA, SEC17a-4, and GDPR.

"Using cloud storage for all types of data, including long-term and sensitive information, is like deciding to store most of your property in a rented storage unit rather than in your own home," said Gary Watson, co-founder and CTO, Nexsan. "The costs keep rising as you accumulate more possessions and require you to expand the space. While it certainly is easy and sometimes makes sense to store some extra items this way temporarily, when it comes to a valid long-term strategy, the most secure and cost-efficient method is to keep permanent and valuable items close to home. This same logic and the same economics applies to cloud vs. on-premise storage. Assureon Cloud Transfer makes it easier, and extremely cost effective, to move valuable data back on-premise for greater security and control, or to keep the authoritative copy in-house while allowing cloud-based copies to be deleted to save money whenever desired."

Nexsan's Assureon is a highly reliable archive system that is ideal for customers who need file security and especially if they need regulatory compliance. It resonates well with customers across all industries, and this latest capability will meet many of today's enterprise IT challenges. Many customers are looking to migrate to the cloud in some form. Nexsan has bridged the gap to allow customers full control over security and compliance. By enabling the utilization of both cloud and on-premise, an organization can now create an optimized architecture for its needs."

Thursday, May 24, 2018

AutonomouStuff Primary Quantum Partner for Storage Distribution Quantum Storage Solutions

Quantum Corp. named AutonomouStuff, LLC its primary partner for storage distribution in the automotive market, enabling them to deliver Quantum's end-to-end storage solutions for both in-vehicle and data center environments.

Quantum's StorNext-powered scale-out storage provides ingest of data into the data center when test vehicles return to the garage, thereby speeding time to result for sensor-generated in-vehicle data. Quantum in-vehicle storage is designed to fit the environmental and space requirements of autonomous vehicles. The combined solution enables AutonomouStuff to extend its offerings beyond in-vehicle solutions to include data center storage to support analysis and long-term data retention.

Active Data Management Enables Large-Scale Research
StorNext solutions combine storage with archive storage to enable data integration and management for the transition between analysis and long-term retention. With this type of active data management large-scale projects are substantially more economically viable, lowering storage costs by an order of magnitude.

Storage Designed to Scale with Autonomous Vehicle Research Requirements
Quantum has worked with AutonomouStuff and its customers to define and create a complete end-to-end research solution that includes durable in-vehicle storage for test vehicles. The resulting solution is self-protecting, self-managed data center storage where analysis and solution development takes place. It also provides autonomous vehicle developers with a way to move data from test vehicles to the data center while achieving low cost storage and delivering shared access, integrated protection and data life cycle management. Quantum's multi-tiered storage approach automatically places less active data on the most cost-effective storage media while active data resides on performing storage. This is critical for autonomous vehicle development environments that generate petabytes of data which needs to be retained for many years to meet regulations and to validate algorithms as designs evolve.

Bobby Hambrick, founder and CEO, AutonomouStuff, said: "Autonomous research generates an enormous volume of data which is vital to achieving the goal of a safe autonomous vehicle. Quantum multitier storage kits powered by StorNext offer a highly scalable and economical solution to the data dilemma researchers face."

Molly Presley, VP, global marketing, Quantum, said: "The promise of safer, more autonomous vehicles has captured the public imagination, and intelligent storage solutions are key to delivery of that promise. In partnership with AutonomouStuff, Quantum is in the vanguard of delivering storage solutions that balance performance with cost to help advance research of significant value to society."

Wednesday, May 16, 2018

Atto Shipping ThunderLink 3128 Thunderbolt 3 to 12Gb SAS/SATA Adapter

Interoperability tested with popular media and entertainment applications, HDDs, SSDs and LTO-8 drives

Atto Technology, Inc. announced they are shipping the ThunderLink 3128 Thunderbolt 3 to 12Gb SAS/SATA adapter.

The latest addition to the Atto Thunderbolt provides users with fast and reliable storage connectivity while enabling scalability for next generation platforms and infrastructures. Optimized for low latency and high-bandwidth data transfers, ThunderLink 3128 offers flexibility and reliability for demanding applications.

"The anticipated Thunderbolt 3 to 12Gb SAS/SATA adapter enhances the industry's broadest portfolio of Thunderbolt adapters for storage and network connectivity," said Tom Kolniak, senior director, marketing, Atto. "What sets Atto apart is our extensive history of SAS/SATA development, creating Thunderbolt solutions and working to create products which are optimized to meet modern workflow demands."

The increased performance of Thunderbolt 3 allows users to maximize their workflow, providing flexibility in otherwise restrictive considerations like lead times, footprints, personnel costs and scheduling. ThunderLink 3128 has been certified for both Mac and Windows and supports the latest Tunderbolt 3 platforms including all-in-ones and desktop and mobile workstations.

In addition to the Thunderbolt 3 platforms, ThunderLink 3128 has been interoperability tested with popular media and entertainment applications, HDDs, SSDs and the LTO-8 tape drives.

Connecting a Thunderbolt 3 to 12Gb/s SAS/SATA adapter outfitted with LTO-8 tape drives provides a simple and affordable means to store, archive and transport large amounts of content. This combination is a cost effective way to manage media files and their increasing sizes (UHD, 4K, 3D, etc.). ThunderLink 3128 also provides a faster ROI for storage by addressing the need to grow storage capacity on the fly which has become more critical across a number of industries.

The 3128 is the latest in portfolio of the firm's ThunderLink adapters providing solutions in Thunderbolt 3 and 2 environments for FC, Ethernet and SAS/SATA connectivity. These adapters deliver creative, engineering and technical professionals a high performance and low latency Thunderbolt connectivity solution engineered for applications where optimized performance and high throughput are essential.

Friday, April 13, 2018

Imagine Products and StorageDNA Partnering

Imagine Products and StorageDNA announced a partnership resulting in a new product.

The two companies have collaborated on an integrated solution that enables random access to files on an LTO tape, essentially turning it into a HDD with dnaLTFS - an LTFS adaptation that was not available before. The results are time savings and easier access to assets in production and post-production workflows.

The joint solution is called myLTOdna. It is an integration between Imagine Products' myLTO tape-authoring application and StorageDNA's HyperTape direct access tape solution powered by dnaLTFS. The result is an intuitive user interface with which to administrate HyperTape operating modes manually, or automatically from creative applications such as Imagine Products' PrimeTranscoder - a process that is preferable to command line operations.

StorageDNA has been dedicated to M&E markets since 2004, and we strive to provide customers with workflow-enhancing solutions that make LTO tape a more usable storage medium. We chose to work with Imagine Products on our HyperTape user interface because the company is known for highly intuitive interfaces and well respected for LTO/LTFS archiving and workflows.  By joining forces with Imagine Products and integrating our capabilities, we are providing media professionals with the simplest and fastest LTO workflows available today.

myLTOdna is the Mac-based front-end interface for HyperTape. It allows users to switch modes of operation and direct HyperTape to train, write, and read to and from an LTO tape. Users can access files directly on tape without having to restore them for sequential operations such as transcoding, ingest, or QC. Instead, they can drag and drop files to or from tape at the desktop level at speeds exceeding 300MB/s. Those benefits can save facilities hundreds of hours in time and resources.

myLTOdna benefits any segment of the media and entertainment industry in which ever-increasing amounts of content regularly exceed spinning-disk storage capacities. It is especially useful for field/camera file offloads, post-production facilities receiving field/camera files, facilities wanting to manage their online storage capacity levels, and those looking to keep files long term for repurposing.

Those who use myLTOdna with PrimeTranscoder can still archive to LTO tape with standard LTFS (myLTO) and use all the functions of PrimeTranscoder: transcoding files to useable formats, stitching together clips, burning in timecode, performing color correction, and adding watermarks.