View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
October 27, 2010

Imation Q3 revenue down 14.7%

Posts operating loss of $2.3m

By CBR Staff Writer

Imation has reported revenue of $343.3m for the third quarter of 2010, a decrease of 14.7% as compared to $401.3m of the same quarter prior year.

The company posted gross margin of 16.2% as compared to 16.1% of Q3 FY09.

For the quarter, operating loss was $2.3m as compared to operating income of $1.7m in the third quarter of 2009.

Net loss for the third quarter of 2010 was $0.06m, as compared to net loss of $0.01 in the third quarter of 2009.

Imation chief executive officer Mark Lucas said they made solid progress on several important parts of their transformation including continued strong double digit revenue growth in emerging storage products, and improved gross margins in both their emerging storage and their electronics and accessories categories.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU