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Perry HayesGood afternoon, and thank you for attending Super Micro’s conference call and financial results for the second quarter fiscal year 2011, which ended December 31, 2010. Before we begin, I’d like to advise you of upcoming investor conferences in which Super Micro will be participating. On February 9, we will attend the Stifel Nicolaus Technology Conference in San Francisco Where we will present and participate in one-on-one meetings. By now, you should have received a copy of today’s news release that was distributed at the close of regular trading and is available on the company’s website. As a reminder, during today’s call, the company will refer to a presentation that is available to participants in the Investor Relations section of the company’s website under the Events & Presentations tab. Please turn to slide two. Before we start, I’ll remind you that our remarks include forward-looking statements. There are a number of risk factors that could cause Super Micro’s future results to differ materially from our expectations. You can learn more about these risks in the press release we issued earlier this afternoon, our Form 10-K for fiscal 2010, and our other SEC filings. All of those documents are also available from the Investor Relations page of Super Micro’s website at www.supermicro.com. We assume no obligation to update any forward-looking statements. Most of today’s presentation will refer to non-GAAP financial results and outlooks. For an explanation of our non-GAAP financial measures, please refer to slide three of this presentation or to our press release published earlier today. In addition, a reconciliation of GAAP to non-GAAP results is contained in today’s press release and in the supplemental information attached to today’s presentation. I’ll now turn the call over to Charles Liang, Chairman and Chief Executive Officer. Charles Liang Thank you, Perry. And good afternoon, everyone. Please turn to slide four. First let me provide you with the highlights of our second quarter. We are pleased that our second quarter revenue was record high, $241 million or 16.2% higher quarter-over-quarter and 32.3% higher year-over-year. Non-GAAP net income was also a record high of $13.3 million or 43.9% higher quarter-over-quarter and 44.4% higher compared to last year. Super Micro’s non-GAAP earnings per share was $0.31 per diluted share compared to $0.22 last quarter and $0.22 last year.
Slide five, please. Now I would like to share with you some key points regarding our operating performance in the second quarter. The second quarter of fiscal year 2011 represents our fifth straight quarter of record high revenues. As a fast-growing company, we have been focusing on increasing revenue and gaining much share.As a result, we are achieving a better economy of scale and brand name recognition. After economic (inaudible) for almost two years now, we have been consistently growing faster than our competitors and our general market. With $241 million in sales this quarter, our growing rate will then surpass $1 billion, making another milestone for Super Micro. For the past several quarters, we have been building the foundation of our growth by adding our engineering and production capacities. Geographically, we have expanded our capacity for logistics and system integration in Europe and Asia. So we are able to fully improve our time to market advantage and no other shipping and other cost for our customers in those regions. Our results of this quarter indicated that our plan for strengthening our foundation are paying off. Indeed, we are doing so by including our Taiwan R&D to some integrations and operations capacity. In fact, Super Micro grew in all regions last quarter, much faster than our competition, especially we have been experiencing strong growth in APAC and Europe. Another aspect of building our foundation is through our branding. The Supermicro Brand had gained great reputation from our consistent focus on providing application optimized solutions based on the latest technology and in green. Super Micro’s unique approach offer customers the greatest choice and expertise in optimizing the solution that comes the closest to meeting their requirements. Read the rest of this transcript for free on seekingalpha.com