Actionable news
All posts from Actionable news
Actionable news in SMCI: Super Micro Computer, Inc.,

Super Micro Computer Inc. Provides Preliminary Second Quarter Fiscal 2016 Financial Results and Schedules Conference Call and Webcast

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today provided preliminary information regarding its financial results for the second fiscal quarter ended December 31, 2015.

The Company also announced that it will release second quarter fiscal 2016 financial results on Thursday, January 28, 2016, 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 net sales for its second quarter of fiscal 2016 in the range of $637 million to $639 million. This compares to the Company’s previous guidance range of $580 million to $630 million.

The Company also anticipates that its non-GAAP earnings diluted per share will be in a range of $0.69 to $0.72. This compares to the company’s previous guidance of $0.54 to $0.64. Non-GAAP earnings per diluted share excludes stock-based compensation expense and the related tax effect of the applicable items.

The Company ended the second quarter of fiscal 2016 with approximately $173.0 million in cash and cash equivalents, and short and long term investments compared to $98.1 million at the end of fourth quarter of fiscal 2015.

The Company will provide more details on...