Susquehanna Cuts Price Target Following Super Micro Computer's (SMCI) 1Q Results
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Super Micro Computer, Inc. Announces 1st Quarter 2016 Financial Results
October 22, 2015 4:05 PM EDTSAN 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 announced first quarter fiscal 2016 financial results for the quarter ended September 30, 2015. The final results are in line with the preliminary results announced by the Company on October 8, 2015.
Fiscal 1st Quarter Highlights
Quarterly net sales of $530.2 million, down 7.6% from the fourth quarter of fiscal year 2015 and up 19.6% from the same quarter of last year. GAAP net income... More