SAN JOSE, Calif., Apr 16, 2009 (BUSINESS WIRE) -- Super Micro Computer, Inc. (NASDAQ:SMCI), a leader in application
optimized, high performance server solutions, today provided preliminary
information regarding its financial results for the third fiscal quarter
ended March 31, 2009.
The company also announced that it will report its final financial
results for its third quarter fiscal year 2009 on Wednesday, April 29,
2009, 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 third
quarter of fiscal 2009 in the range of $109 to $110 million. This
compares to the company's previous guidance range of $115 to $125
million.
Non-GAAP gross margin is expected to be approximately 15%. Gross margin
was lower than expected principally due to greater price competition in
light of the recent economic conditions and in advance of the release of
new products incorporating Intel's new Nehalem CPU.
The company anticipates that it will report non-GAAP operating expenses
for the third fiscal quarter between $0.8 million and $0.9 million lower
than for the second fiscal quarter. The company has taken efforts to
reduce costs during the quarter although some extra expense was incurred
to support more aggressive research and development for the company's
future server management software and GPU/ 2U Twin² product lines.
In addition, the company anticipates that its reported results will
reflect a non-GAAP benefit from income taxes of approximately $0.6
million in the third quarter.
The company also anticipates that its non-GAAP earnings per share will
be in a range of $0.05 to $0.06. This compares to the company's previous
guidance of $0.11 to $0.14. The Company ended the third quarter of
fiscal 2009 with approximately $77 million in cash and cash equivalents,
and short and long term investments compared to $74.9 million at the end
of second quarter of fiscal 2009.
"The March ending quarter was challenging principally due to the global
economic recession. In addition, the third quarter was adversely
impacted by customer order delays in advance of Intel Nehalem CPU
launch," said Charles Liang, CEO of Supermicro. "Nevertheless, during
the quarter we have furthered our aggressive R&D investment and were
able to offer the broadest product offering in the industry for the
Nehalem launch at the end of March. Also, we have begun shipping our new
server architectures such as 2U Twin² which has already been recognized
as a breakthrough product in best performance-per-watt per dollar and
computing density. We are excited about having the newest and the
broadest product lines in the industry, as well as our strong position
for the coming quarters. We will provide more details on the third
quarter financial performance at the time of our earnings call later
this month."
Conference Call/Webcast Information for April 29, 2009
Supermicro will hold a teleconference to announce its final third fiscal
quarter financial results on April 29, 2009, beginning at 2 p.m. Pacific
time. Those wishing to participate in the conference call should call
1-888-637-7738 (international callers dial 1-913-981-5536) a few minutes
prior to the call's start to register. A replay of the call will be
available through 11:59 p.m. (Eastern Time) on Wednesday, May 13, by
dialing 1-888-203-1112 (international callers dial 1-719-457-0820) and
entering replay PIN 4711643.
Those wishing to access the live or archived webcast via the Internet
should go to the Investor Relations tab of the Supermicro website at www.Supermicro.com.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact
may be forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements may relate, among other
things, to our expected financial and operating results, our ability to
build and grow Super Micro Computer, the benefits of our products and
our ability to achieve our goals, plans and objectives. Such
forward-looking statements do not constitute guarantees of future
performance and are subject to a variety of risks and uncertainties that
could cause our actual results to differ materially from those
anticipated. Additional factors that could cause actual results to
differ materially from those projected or suggested in any
forward-looking statements are contained in our filings with the
Securities and Exchange Commission, including those factors discussed
under the caption "Risk Factors" in such filings.
About Super Micro Computer, Inc.
Supermicro emphasizes superior product design and uncompromising quality
control to produce industry-leading serverboards, chassis and server
systems. These Server Building Block Solutions provide benefits across
many environments, including data center deployment, high-performance
computing, high-end workstations, storage networks and standalone server
installations. For more information on Supermicro's complete line of
advanced motherboards, SuperServers, and optimized chassis, visit www.Supermicro.com,
email Marketing@Supermicro.com,
or call the San Jose, CA headquarters at +1 408-503-8000.
SMCI-F
SOURCE: Super Micro Computer, Inc.
Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570
SVP, Investor Relations
PerryH@Supermicro.com
Copyright Business Wire 2009