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Article: Overland Data reports record revenue for fourth quarter and fiscal year 2000; Net income impacted by acquired Tecmar products; Company discontinues Ditto desktop line, consolidates Tecmar operations and targets OEM market for next-generation Travan-based products.
- Article from:
- M2 Presswire
- Article date:
- August 9, 2000
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M2 PRESSWIRE-9 August 2000-OVERLAND DATA: Overland Data reports record revenue for fourth quarter and fiscal year 2000; Net income impacted by acquired Tecmar products; Company discontinues Ditto desktop line, consolidates Tecmar operations and targets OEM market for next-generation Travan-based products (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:08082000
SAN DIEGO, California -- Overland Data, Inc. (NASDAQ/NMS:OVRL) today reported record revenue for the fourth quarter and fiscal year ended June 30, 2000, up 79% and 33%, respectively, over last year, due largely to continued strong OEM demand for the Company's core DLT-based LibraryXpress product line.