SAN JOSE, Calif.--(BUSINESS WIRE)--
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 first fiscal quarter
ended September 30, 2012.
The Company also announced that it will release final first quarter
fiscal 2013 financial results on Tuesday, October 23, 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 first
quarter of fiscal 2013 of approximately $270 million. This compares to
the Company's previous guidance range of $270 to $290 million.
Non-GAAP gross margin is expected to be about 13%. The primary cause for
the lower gross margin was the steep price drops for hard disk drives
and memory. Margins on other products and components were stable to
higher.
The Company anticipates that it will report non-GAAP operating expenses
for the quarter in line with those reported for the prior quarter ended
June 30, 2012.
"Revenue for the quarter was up about 9% from last year and down
slightly from our record last quarter despite challenges from a weaker
global economy. The big price drops of HDD and memory, particularly late
in the quarter, negatively impacted our net profit for the quarter as we
adjusted to vendor contracts we entered into in the March quarter," said
Charles Liang, Chairman and CEO. "This quarter we experienced stronger
demand for our new Sandybridge product lines suggesting a positive ramp
for this new technology. In addition, late in the quarter, we began
shipping our new Fat Twin architecture which is a benchmarked leader in
performance, power efficiency and cost. We believe that we are well
positioned in the market and we will provide more details on the
earnings call."
The preliminary fiscal first quarter financial results presented in this
press release are estimates and remain subject to finalization and
review.
Conference Call/Webcast Information for October 23, 2012
Supermicro will hold a teleconference to announce its final first fiscal
quarter financial results on October 23, 2012, beginning at 2 p.m.
Pacific Time. Those wishing to participate in the conference call should
call 1-888-438-5525 (international callers dial 1-719-325-2323) 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 Tuesday, November 6,
by dialing 1-877-870-5176 (international callers dial 1-858-384-5517)
and entering replay PIN 8555814.
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.
About Super Micro Computer, Inc.
Supermicro, the leader in server technology innovation and green
computing, provides customers around the world with
application-optimized server, workstation, blade, storage and GPU
systems. Based on its advanced Server Building Block Solutions,
Supermicro offers the most optimized selection for IT, datacenter and
HPC deployments. The company's system architecture innovations include
the Twin server, Double-Sided Storage™ and SuperBlade® product families.
Offering the most comprehensive product lines in the industry,
Supermicro provides businesses of all sizes with energy-efficient,
earth-friendly solutions that deliver unmatched performance and value.
Founded in 1993, Supermicro is headquartered in Silicon Valley with
worldwide operations and manufacturing centers in Europe and Asia. For
more information, visit www.supermicro.com.
Supermicro, Server Building Block Solutions, and SuperBlade are
registered trademarks and Double-Sided Storage is a trademark of Super
Micro Computer, Inc. All other trademarks are the property of their
respective owners.
SMCI-F
Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570 (Investor
Relations)
SVP, Investor Relations
PerryH@Supermicro.com
Source: Super Micro Computer, Inc.
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