Data Storage Technology

Orient Technologies Q2FY25 results: Net profit rises 62.5% to Rs 15 cr

Cloud and data management solutions provider Orient Technologies has reported a 62.52 per cent year-on-year increase in net profit to Rs 15.05 crore for the September quarter of the ongoing fiscal year. It had reported a net profit of Rs 9.26 crore in the year-ago period, it said in a regulatory filing. Revenue from operations for the quarter under review came in at Rs 223.14 crore, 49.35 per cent higher than Rs 149.40 crore a year earlier. Seen sequentially, profit and revenue rose 62.17 per cent and 49.91 per cent, respectively. "As we move into Q3, we have a robust pipeline in place, filled with high-potential opportunities that we are excited to bring to fruition. With a stable market environment, Orient is well-positioned to accelerate its momentum and pursue ambitious growth objectives," Orient Technologies Chairman and Managing Director Ajay Sawant said. The Mumbai-headquartered firm's employee count was 1,517 as of September 30 this year. Shares of Orient Technologies wer

WD starts shipping its 24TB CMR HDD, ramps up 28TB SMR HDD: Details

The Ultrastar DC HC680 and HC580 HDDs are currently being qualified by select hyperscalers, CSPs and OEM customers, and are now available for large enterprise customers

Microchip Technology to invest $300 million to expand India operations

For starts, opens R&D unit in Hyderabad on 168,000 sq ft with capacity to house 1,000 employees

Govt in talks with US-based Micron Technology for semiconductor fab factory

The $30.8 billion Micron has 11 manufacturing sites spread across the US, Japan, Malaysia, Singapore, Taiwan and China

Samsung unveils new PC SSD for improved computing, gaming performance

The new SSD will soon be available in 256GB, 512GB and 1TB storage capacities in M.2 form factor

Lexar launches high-performance Professional NM800PRO Gen4 SSD in India

Priced at Rs 12,999, the Lexar Professional NM800PRO Gen4 SSD comes with a heatsink option for better performance and improved power efficiency

Samsung launches its new SSD '870 Evo' with upgraded performance

Samsung on Wednesday launched a new consumer solid state drive product, boasting upgraded performance and reliability

CES 2020: Samsung unveils external PSSD T7 Touch with fingerprint scanner

The drive comes with a USB Type-C-to-C cable and a USB Type-C-to-A cable, and is compatible with Windows, Mac and Android operating systems

Global payments firms still pushing for free flow of data across borders

A few leading payment providers are actively engaging with the Reserve Bank of India (RBI) for allowing free flow of data across borders

Data storage demand to multiply four-fold by 2025

The report further states that 60% of data generated globally would be due to business enterprises