News Summary Podcast for October 23, 2024

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These press releases highlight recent advancements in cloud backup and data storage, cloud security and data management.

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The press releases below discuss the recent achievements of three technology companies, Seagate, N-able and CTERA.

1/ Seagate, a leading innovator of mass-capacity data storage, today reported financial results for its fiscal first quarter ended September 27, 2024.

2/ N-able, a software company focused on IT services providers, has been recognised as a “Great Tech Place to Work” by NC TECH, a North Carolina-based technology association. The award highlights N-able’s commitment to creating an inclusive and supportive work environment for its employees.

3/ CTERA, a company specialising in edge-to-cloud file services, has been named a Leader in GigaOm Radar for Cloud-Native Globally Distributed File Systems. This designation recognises CTERA’s advanced data management, analytics, and security capabilities, positioning it as a leading provider in the cloud file services market.

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Detailed Summary:

Seagate Technology Reports Strong Fiscal First Quarter 2025 Financial Results…

• Seagate Technology Holdings plc, an innovator in data storage, reported increased revenue to $2.17 billion for its fiscal first quarter that ended on September 27, 2024.
• GAAP diluted earnings per share (EPS) were $1.41, and non-GAAP diluted EPS were $1.58.
• Cash flow from operations was $95 million, and free cash flow was $27 million.
• The quarterly cash dividend increased by 3% to $0.72 per share.
• Seagate CEO, Dave Mosley, cited strong product momentum, including the ramp-up of 28-terabyte nearline drives and the qualification of HAMR-based Mozaic products with cloud customers.

• N-able, Inc., a global software company providing IT solutions, was recognised as a Great Tech Place to Work by NC TECH.
• This award recognises N-able’s dedication to creating a positive work environment for its employees, referred to as “N-ablites.”
• N-able prioritises Diversity, Equality, and Belonging (DEB) and focuses on professional growth opportunities and employee well-being.
• Kathleen Pai, Chief People Officer at N-able, highlighted the company’s culture and its positive impact on business success.

• CTERA, a leading provider of edge-to-cloud file services, was recognised as a Leader in the 2024 GigaOm Radar for Cloud-Native Globally Distributed File Systems.
• This is the fourth consecutive year CTERA has been named a Leader in GigaOm Radar file system reports.
• The report highlights CTERA’s strengths in data management, analytics, security, and compliance.
• CTERA’s key features, including end-to-end encryption, AI-driven ransomware protection, and broad protocol support, were also acknowledged.
• Chester Conforte, Analyst at GigaOm, stated that CTERA is “a Fast Mover, effectively advancing its capabilities to achieve a balanced improvement in both innovation and maturity, enhancing its appeal to diverse enterprises.”
• Oded Nagel, CEO of CTERA, said that they are “honoured to be recognised by GigaOm as a Leader and Fast Mover in cloud file services, securing a top position in its Radar report for Cloud-Native Globally Distributed File Systems.” He added that “This acknowledgment is an important accolade that reflects our ongoing commitment to delivering secure, cyber-resilient hybrid cloud storage solutions in a landscape where cyber threats are ever-present. This recognition reinforces our mission and motivates us to keep pushing forward and constantly innovating.”

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Tags: CTERA, CTERA Networks, N-able, Podcast, Seagate