Super Micro Computer, Inc. (NASDAQ:SMCI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Super Micro Computer, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 44.44% to $0.26 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 16.82% to $322.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Super Micro Computer, Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company beat the mean analyst estimate of $0.21. It beat the average revenue estimate of $305.38 million.
Quoting Management: “The fourth quarter was a record high for Supermicro with growth at 16.8% higher year over year and which again outpaced the industry’s growth rate. Virtually all market segments delivered strong growth from our rackmount servers and especially our FatTwin line of servers to our storage, blade, GPU, MicroCloud and switches,” said Charles Liang, CEO and Chairman. “We start a new fiscal year with the strongest product lines in our history and with our global operations ready for growth. We believe that with this strong foundation we will continue our growth trend in fiscal 2014.”
Key Stats (on next page)…