SuperMicro Closes Out Record Quarter Despite Global Economic Uncertainties
Ryan Martin / 3 years ago
While many companies are struggling on through tough economic times in Europe, North America and a slowing East Asian market, SuperMicro have bucked the trend and have produced some fantastic figures for Q2 of 2013. SuperMicro are a large company involved with motherboard and whitebox server production and in 2013 they increased revenues to $322.3 million for the Quarter ending in June, a 16.8% increase over last year.
Total sales for Q3 of 2013 stood at $1.16 billion, up 14.8%, and that was despite the significant hard drive supply issues and issues with Intel delivering its Sandy Bridge Xeon E5 processors nearly 2 quarters late. SuperMicro have managed to benefit from not only shipping more servers, but also higher value servers, showing that the enterprise market is still very profitable if you know how to do business right.
Despite rising research and development costs SuperMicro kept expenses in check by adding just 27 new staff and trimming all other unnecessary expenditures. According to SuperMicro it is the best quarter in their history.
Fiscal 4th Quarter Highlights
- Quarterly net sales of $322.3 million, up 15.9% from the third quarter of fiscal year 2013 and up 16.8% from the same quarter of last year.
- GAAP net income of $8.4 million, up 19.7% from the third quarter of fiscal year 2013 and up 52.9% from the same quarter of last year.
- GAAP gross margin of 14.3%, up from 14.0% in the third quarter of fiscal year 2013 and down from 15.4% in the same quarter of last year.
- Server solutions accounted for 47.4% of net sales compared with 41.8% in the third quarter of fiscal year 2013 and 44.6% in the same quarter of last year.
For more information, you can check out Ready To Go Super Micro servers.
Image courtesy of SuperMicro, Information Via WSJ