11th Consecutive Quarter Of Earnings Improvement For StorageTek
First-quarter profit was $16.5 million, more than double the $6 million reported last year.
Storage Technology Corp. on Tuesday reported a first-quarter profit of $16.5 million, or 15 cents per diluted share, on revenue of $480 million, compared with net income of $6 million, or 6 cents a diluted share, on revenue of $455.9 for the same period a year ago.
The storage vendor says revenue for storage services reached $198.7 million, up 14% from $173.7 million in the first quarter of 2002. Revenue for storage products declined slightly, to $281.3 million from $282.2 million a year ago.
The company said disk products showed substantial growth, hitting $37.3 million, up from $20 million a year ago. Tape products, however, showed a decline, posting revenue of $215.9 million, down from $227.2 million.
The company has reported 11 consecutive quarters of year-over-year earnings improvement, CEO Patrick Martin says. "Given the difficult external environment, we are very pleased to show revenue growth."
2014 Next-Gen WAN SurveyWhile 68% say demand for WAN bandwidth will increase, just 15% are in the process of bringing new services or more capacity online now. For 26%, cost is the problem. Enter vendors from Aryaka to Cisco to Pertino, all looking to use cloud to transform how IT delivers wide-area connectivity.
The UC Infrastructure TrapWorries about subpar networks tanking unified communications programs could be valid: Thirty-one percent of respondents have rolled capabilities out to less than 10% of users vs. 21% delivering UC to 76% or more. Is low uptake a result of strained infrastructures delivering poor performance?
InformationWeek Tech Digest August 03, 2015The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.