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Technology / AI and automation

COMPANY RESULT: QUANTUM CORP

Quantum Corp, Milpitas, California storage products company, reported fourth-quarter net income of $87.7m, or $1.12 per share, on revenue up 27% at $1.56bn, compared to a loss of $123m a year ago. For the year, net income was $149m, or $2.05 per share, on revenue up 20% at $5.32bn, compared to a loss of $90m for fiscal 1996.

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CBR Staff Writer

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