Super Micro Computer, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter Ending March 31, 2015
January 21, 2015 at 02:35 am IST
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Super Micro Computer, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net sales of $503,014,000 against $356,362,000 a year ago. Income from operations was $42,885,000 against $20,204,000 a year ago. Income before income tax provision was $42,738,000 against $20,066,000 a year ago. Net income was $31,242,000 against $13,335,000 a year ago. Diluted net income per common share was $0.61 against $0.30 per share a year ago. Non-GAAP income from operations was $46,066,000 against $22,992,000 a year ago. Non-GAAP net income was $33,504,000 against $15,884,000 a year ago. Non-GAAP net income per common share diluted was $0.65 against $0.35 a year ago.
For the six months, the company reported net sales of $946,336,000 against $665,378,000 a year ago. Income from operations was $74,511,000 against $32,247,000 a year ago. Income before income tax provision was $74,203,000 against $31,931,000 a year ago. Net income was $52,105,000 against $21,034,000 a year ago. Diluted net income per common share was $1.03 against $0.47 per share a year ago. Net cash used in operating activities was $8,687,000 against net cash provided by operating activities of $18,395,000 a year ago. Purchases of property, plant and equipment were $11,031,000 against $33,956,000 a year ago. Non-GAAP income from operations was $80,672,000 against $37,624,000 a year ago. Non-GAAP net income was $56,689,000 against $25,758,000 a year ago. Non- GAAP net income per common share diluted was $1.11 against $0.57 a year ago.
The company expects net sales of $450 million to $500 million for the third quarter of fiscal year 2015 ending March 31, 2015. The company expects non-GAAP earnings per diluted share of approximately $0.46 to $0.52 for the third quarter.
Super Micro Computer, Inc. specializes in the design, manufacture and marketing of high-performance server and storage systems, based on an innovative, modular and open architecture. Net sales break down by family of products as follows:
- servers and data storage systems (92.2%): accelerated computing platforms made up of a combination of servers and storage systems, designed for data centers, cloud computing, enterprise computing, Hadoop/Big Data, high-performance computing, artificial intelligence, 5G/IdO/Edge technologies and embedded systems. The group also offers server management and security software solutions, as well as professional services;
- modular server subsystems and accessories (7.8%): server boards, enclosures, processors, motherboards, power supplies, adapters, switches, networking systems, cables, ventilation systems, etc.
At the end of June 2023, the group has 3 production sites located in the United States, the Netherlands and Taiwan.
Net sales are distributed geographically as follows: The United States (67.9%), Asia (14.7%), Europe (14.1%) and others (3.3%).
Super Micro Computer, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter Ending March 31, 2015