Quantum amended its credit agreement with Wells Fargo Capital Finance to extend the availability of its credit line to August 2017.

Quantum reported preliminary results for the fiscal fourth quarter 2016, stating total revenue was approximately $120 million, the midpoint of the company’s January guidance range.

“I’m pleased with the progress we made in the quarter, including the combination of solid revenue and profitability which again demonstrated the leverage in our financial model,” said Jon Gacek, president and CEO of Quantum. “We also built a strong foundation for fiscal 2017, extending our credit line beyond the current year and securing a major, multi-year scale-out storage win for a large cloud project that is expected to contribute significant revenue over the course of fiscal 2017.”

Quantum provides intelligent solutions for capturing, sharing and preserving digital assets over the entire data lifecycle.