Super Micro Computer, Inc. Announces 2nd Quarter Fiscal 2011 Financial Results

Super Micro Computer, Inc. SMCI, a leader in application optimized, high performance server solutions, today announced second quarter fiscal 2011 financial results for the quarter ended December 31, 2010. Net sales for the second quarter ended December 31, 2010 totaled $240.8 million, up 32.3% from $182.0 million in the first quarter of fiscal year 2010. No customer accounted for more than 10% of net sales during the quarter. Net income for the second quarter of fiscal year 2011 was $11.6 million or $0.27 per diluted share, an increase of 52.1% from the net income of $7.6 million, or $0.19 per diluted share in the same period a year ago. Included in net income for the quarter is $1.8 million of stock-based compensation expense (pre-tax). Excluding this item and the related tax effect, non-GAAP net income for the second quarter was $13.3 million, or $0.31 per diluted share, compared to non-GAAP net income of $9.2 million, or $0.22 per diluted share, in the same quarter of last year. On a sequential basis, non-GAAP net income increased from the first quarter of fiscal year 2011 by $4.1 million or $0.09 per diluted share.