Friday, October 31, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic Raises Profit Outlook
Toshiba Offers New 4TB and 5TB Desktop HDDs
Samsung Introduces New Ultra Slim Galaxy A5 and Galaxy A3 Smartphones For The Chinese Market
Sharp 2Q Profit Slides
PlayStation 4 Sales Sustain Sony's Quarterly Loss
MSI Debuts The GT80 Titan Gaming Notebook With Mechanical Keyboard
Sharp To Produce New Backlight-free LCD Panel For Wearables
New Cameras Boost GoPro's Quarterly Profit
Active Discussions
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
 Home > News > PC Parts > OCZ Rev...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, October 15, 2013
OCZ Revenue Drops, Company Examines Options


OCZ Technology Group today reported its second quarter (Q2'14) results which ended on August 31, 2013.

Revenue for the second quarter of 2014 was $33.5 million compared to revenue of $55.3 million for the first quarter of 2014 and revenue of $88.6 million for the second quarter of 2013.

"Revenue and gross margins declined in the second quarter as revenue for our client SSD products continued to be impacted by our challenges in procuring flash. Revenue from our enterprise solutions accounted for roughly half of our SSD revenue, compared to about 60% in the first quarter, as a major data center customer completed its installation during the quarter," said Ralph Schmitt, CEO of OCZ Technology. "This has been a difficult quarter as demand for our products continues to be greater than our ability to supply, given our capital constraints."

"Over the course of the quarter we continued to add strategic channel partners that help extend the reach of both our high-end client products and enterprise solutions worldwide. During the second fiscal quarter we also announced the general availability of our PCIe-based ZD-XL SQL accelerator which is a new way for OCZ to go to market with a total solution consisting of both our enterprise solid state storage and virtualization software. This innovative product is primarily targeted at our channel partners and offers an optimized plug-and-play storage system solution for enterprise customers," added Schmitt.

Gross margin for the second quarter of 2014 was 4.2% compared to a gross margin of 14.7% for the first quarter of 2014 and a gross margin loss of (4.6%) for the second quarter of 2013. Gross margins declined on a sequential basis primarily due to increased costs and decreasing sales prices in our mainstream client business. Enterprise margins remained consistent in the quarter.

"Due to uncertainties in being able to procure forecasted flash amounts and credit constraints, we will not be providing guidance for the fiscal third quarter of 2014, ending November 30, 2013. It is our belief that at this point we cannot accurately predict the outcome of our efforts to resolve these issues," stated Schmitt. "We continue to engage with interested parties in the various strategic options available to the company, including additional financing initiatives and strategic alternatives and plan on providing an update to discuss progress regarding flash availability, credit, and our strategic activities when appropriate."




Previous
Next
Sony Unveils Full-frame Mirorrless Cameras, New Cyber-shot RX10 Model        All News        Yahoo Reports Profit
Samsung Introduces New Generation Green Memory Solutions     PC Parts News      Intel Reports Better Than Expected Third-quarter Results, Delays Broadwell Chip

Get RSS feed Easy Print E-Mail this Message

Related News
OCZ Releases The More Affordable ARC 100 SSD Series
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator
OCZ Vector 180 SSD Appears At Computex
OCZ Storage Solutions Unveils Latest Vector SSD at Computex 2014
OCZ and Panorama Software To Offer Real-time Big Data Analytics
OCZ Launches the RevoDrive 350 PCIe SSD
OCZ Storage Solutions Addresses Big Data at CeBIT 2014
OCZ Launches New Z-Drive 4500 PCIe SSD Series with Windows Accelerator Software
FirePower Buys Power Supply Assets of OCZ
OCZ To Sell Its PSU Business, Will Honor Warranties To Latest SSDs
OCZ Storage Solutions Releases New Vertex 460 SSD Series
Court OKs Acquisition Of OCZ's SSD Assets By Toshiba

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .