Wednesday, February 3, 2010

Super Micro grows like crazy in fiscal Q2

If motherboard and server maker Super Micro is some kind of leading indicator - and a good argument could be made that it is - then the server and PC rackets may indeed be on the mend.

In the company's second quarter of fiscal 2010 ended December 31, Super Micro reported sales of $182m, up a stunning 41.5 per cent from the year-ago quarter. Thanks to tighter cost controls - a little less on research and development, and a bit more for sales, marketing, and other costs - Super Micro was able to boost net income by 42.2 per cent to $7.6m.

Thanks in large part to the rebounding server business, where Super Micro sells a dizzying array of motherboards for the latest chips from Intel and Advanced Micro Devices, Super Micro has been able to increase its cash and equivalents pile by 17.1 per cent to $82.7m; it also has $6.2m in long-term investments.

Read Full Article Here:
http://www.theregister.co.uk/2010/02/02/super_micro_q2_f22010_numbers/

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