Atlanta, GA – Scibility Media – 11/03/2014.
This article discusses two companies: Quantum Corp(NYSE:QTM) and You On Demand Holdings, Inc.(NASDAQ:YOD)
Quantum Corp(NYSE:QTM) reported its fiscal second quarter 2015 financial results on Oct. 29th, 2014. The figures included a total revenue figure of $135.1 million, a 3 percent year-over-year increase, and a scale-out storage and related service revenue figure of $25.5 million, a 58% increase from the same period during the previous fiscal year. Notably, Quantum Corp. reported a GAAP operating income number of $3.8 million, a large increase from the $5 million GAAP operating loss recorded during second quarter fiscal 2014.
On Oct. 27th, the company announced that it had entered into a partnership with Avere Systems, an enterprise storage for the hybrid cloud provider, to develop a joint storage solution to improve workflows in the oil and gas industry.
You On Demand Holdings, Inc.(NASDAQ:YOD) is a New York-based company that provides value-added service solutions for the delivery of video on demand and enhanced premium content with digital cable providers, over-the-top providers, and mobile manufacturers in China. The company’s content offerings include Hollywood and China-produced movies that are available through subscription video on demand and transactional video on demand.
Given China’s propensity to pirate movies and other intellectual property, one might expect for a company like You On Demand to fail. That being said, investors could have said the same thing about Netflix, which later became successful due in part to its convenience. Nevertheless, You On Demand is currently just $0.43 above its 52 week low. The company’s chairman and CEO is Shane McMahon, son of World Wrestling Entertainment owner Vince McMahon.
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