Super Micro Computer Inc. Provides Fourth Quarter Financial Update And Schedules Conference Call And Webcast For Final Fourth Quarter Fiscal 2012 Financial Results
Super Micro Computer, Inc. (NASDAQ:SMCI), the leader in server
technology innovation and green computing, today provided preliminary
information regarding its financial results for the fourth fiscal
quarter ended June...
Super Micro Computer, Inc. (NASDAQ:SMCI), the leader in server technology innovation and green computing, today provided preliminary information regarding its financial results for the fourth fiscal quarter ended June 30, 2012. The Company also announced that it will release final fourth quarter fiscal 2012 financial results on Tuesday, August 7, 2012, immediately after the close of regular trading, followed by a teleconference beginning at 2:00 p.m. (Pacific Time). The Company now anticipates that it will report revenue for its fourth quarter of fiscal 2012 of approximately $275 million. This compares to the Company's previous guidance range of $280 to $310 million. Non-GAAP gross margin is expected to be in the mid 15% range. Gross margin was lower principally due to the big price drop for hard disk drive of which we had excess stock. The Company anticipates that it will report non-GAAP operating expenses for the fourth fiscal quarter between $1.7 million and $1.9 million higher than for the third fiscal quarter. The increase was primarily due to additional sales and marketing expenses to promote new product launches as well as R&D expenses for new product development. The Company also anticipates that its non-GAAP earnings per share will be in a range of $0.18 to $0.19. This compares to the Company's previous guidance of a range of $0.27 to $0.32. “Although we achieved record high revenues for the June quarter and for the fiscal year, steep HDD price declines during the quarter and higher expenses for R&D related to new product optimization and for market promotion impacted our net profit significantly in the short term,” said Charles Liang, Chairman and CEO. “Our new product lines for Sandybridge are the strongest product offering in the market and now we have created our new Fat Twin architecture product line which will be in production this quarter with the highest computing density and efficiency allowing much better datacenter Power Usage Effectiveness. We believe that we are well positioned to continue our strong growth and steadily improve our financial performance over the next several quarters. We will provide more details on the earnings call.”