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October 27, 2010

Super Micro Computer reports 39.5% revenue growth

Net income $0.17 per diluted share

By CBR Staff Writer

Super Micro Computer has reported revenue of $207.2m for the first quarter of fiscal 2011, an increase of 39.5% as compared to $148.5m of the same quarter prior year.

The company posted gross profit of $174.1m as compared to $124.0m of Q1 FY10.

For the quarter, operating income was $21.03m as compared to operating income of $18.0m in the first quarter of fiscal 2010.

Net income for the first quarter of 2011 was $7.2m, or $0.17 per diluted share, as compared to net income of $3.86m, or $0.10 per share in the first quarter of FY10.

Super Micro Computer CEO Charles Liang said during the past year, they made strategic decisions to grow internationally and to further invest in their research and development to extend their position as the leader in server technology innovation.

"Our growth strategy is proving successful as we again achieved another record for growth while improving our margin performance," Liang said.

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The company expects net sales of $220m to $230m for the second quarter of fiscal year 2011 ending 31 December 2010.

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