Quantum Surges on Strong Demand | Business and Finance News

Quantum Corporation just smashed its first-quarter 2027 earnings, raking in $81 million—beating its own $75 million target—with stronger margins, EBITDA, and a growing backlog. Demand is surging from businesses drowning in data but shackled by budget, power, and infrastructure limits—exactly where Quantum’s storage solutions shine. Americas jumped 20% sequentially, APAC soared 50%, and service + tape revenue both climbed 10%. Big wins include multi-million-dollar deals: a European biometrics giant renewed and expanded, plus an APAC hyperscaler locked in for a $10M+ Scalar i7 tape library. Supply chain snags—especially with tape drives—still bite, but Quantum’s teams are navigating them brilliantly. And here’s the kicker: they’re now debt-free, cash flow positive, and profitable for the first time since 2023. Growth momentum? Unstoppable. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4a4013ce30484907