Super Micro Computer, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported net sales of $356,362,000 against $291,487,000 a year ago. Income from operations was $20,204,000 against $7,608,000 a year ago. Income before income tax provision was $20,066,000 against $7,463,000 a year ago. Net income was $13,335,000 against $4,914,000 a year ago. Diluted net income per common share was $0.30 against $0.11 per share a year ago. Non-GAAP income from operations was $22,992,000 against $10,517,000 a year ago. Non-GAAP net income was $15,884,000 against $7,826,000 a year ago. Non-GAAP net income per common share diluted was $0.35 against $0.18 a year ago.

For the six months, the company reported net sales of $665,378,000 against $562,194,000 a year ago. Income from operations was $32,247,000 against $9,290,000 a year ago. Income before income tax provision was $31,931,000 against $9,005,000 a year ago. Net income was $21,034,000 against $5,813,000 a year ago. Diluted net income per common share was $0.47 against $0.13 per share a year ago. Net cash provided by operating activities was $18,395,000 against $5,603,000 a year ago. Purchases of property, plant and equipment was $33,956,000 against $2,790,000 a year ago. Non-GAAP income from operations was $37,624,000 against $15,102,000 a year ago. Non-GAAP net income was $25,758,000 against $10,879,000 a year ago. Non- GAAP net income per common share diluted was $0.57 against $0.25 a year ago. Free cash flow for the six months ended December 31, 2013 was $15.6 million primarily due to the purchase of real property in San Jose, California for $30.1 million partially offset by an increase in cash provided by operating activities for $18.4 million.

The company provided earnings guidance for the third quarter ending March 31, 2014. For the quarter, the company expected net sales of $320 million to $350 million. The company expects non-GAAP earnings per diluted share of approximately $0.24 to $0.30. The company expects the effective tax rate on a non-GAAP basis to be approximately 31.8% for the third quarter, which is up from negative 23.1% in the same quarter last year. The increase reflects the reinstatement of the R&D tax credit in March of 2013 and the release of tax liability last year.