Super Micro Computer, Inc. (NASDAQ:SMCI) Q2 2015 Earnings Conference Call - Final Transcript

Jan 20, 2015 • 05:00 pm ET

Previous

Super Micro Computer, Inc. (NASDAQ:SMCI) Q2 2015 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
operator

Good day and welcome to today's Second Quarter Fiscal 2015 Earning Conference Call. Today's call is being recorded. At this time I would like to turn the call over to Mr. Perry Hayes, Senior Vice President of Investor Relations.

Executive
Perry Hayes

Good day, ladies and gentlemen. And thank you for joining Super Micro's second quarter fiscal 2015 conference call.The company's news release, issued earlier today, is available from its website at www.supermicro.com. In addition, during today's call, the company will refer to a slide presentation that it has made available to participants, which can be addressed in a downloadable PDF format on its website at www.supermicro.com in the Investor Relations section under the Events & Presentations tab.

During the company's presentation, all participants will be in a listen-only mode. Afterwards, securities analysts and institutional portfolio managers will be invited to participate in a question-and-answer session, but the entire call is open to all participants on a listen-only basis. As a reminder, this call is being recorded Tuesday, January 20, 2015. A replay of the call will be accessible until midnight, February 3, by dialing 1-877-870-5176 and entering conference ID number 6183825.

International callers should dial 1-858-384-5517. With me today are Charles Liang, Chairman and Chief Executive Officer; Howard Hideshima, Chief Financial Officer, and I'm Perry Hayes, Senior Vice President, Investor Relations.

Executive
Unidentified Speaker

(Forward-Looking Cautionary Statements)

Most of today's presentation will refer to non-GAAP financial results and outlooks. For an explanation of our non-GAAP financial measures, please refer to slide three of this presentation or to our press release published earlier today. In addition, a reconciliation of GAAP to non-GAAP results is contained in today's press release and in the supplemental information attached to today's presentation. I'll now turn the call over to Charles Liang, Chairman and Chief Executive Officer.

Executive
Charles Liang

Thank you, Perry, and good afternoon everyone. Please turn to slide four. First, let me provide you with the highlights of our fiscal second quarter. We are pleased to announce that we had another record quarter as our revenue have reached $503 million. It's 13.5% higher quarter-over-quarter and 41.2% higher year-over-year. Non-GAAP net income was $33.5 million, or 44.5% higher quarter-over-quarter and 110.9% higher compared to last year. Super Micro's non-GAAP earnings per share was $0.65 per diluted share, compared to $0.46 last quarter or $0.35 last year.

Please turn to slide five. As we have always believed for Washington technology combined with robust operation foundation translates into a strong revenue and growth and increased profitability for Super Micro. Last quarter we achieved our fifth consecutive a record high in revenue. With that we'll reach our goal of achieving $2 billion annual run rate and a continual improvement of our operation profit. Geographically, revenue in the North America was 57%, Europe was 18.2% and Asia was 15.6% of total sales. Our growth in USA continued to be

Executive
Unidentified Speaker

the strongest worldwide. Last quarter, Europe grew in absolute revenue by lower as percentage. In Asia, we continued to see a great potential to grow as we increase