Wednesday, November 25, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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."

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 Adds Storage Intelligence To Saber 1000 SSDs
OCZ Releases Value-Oriented Trion 100 SSD Series with TLC NAND Flash
OCZ TLC-based Trion 100 SATA Client SSDs and Z-Drive 6300 NVMe Add-In-Card Coming At Computex 2015
New OCZ Z-Drive 6000 Enterprise PCIe SSD Series Come With NVMe Support
OCZ Adds 2 TB Variant To Its Intrepid 3000 Enterprise SSD Series
OCZ Vector 180 SSD And New SSD Guru Management Tool Released
OCZ Storage Solutions Addresses Enterprise and Consumer Solid State Drive Market at CeBIT
OCZ to Unveil New JetExpress SSD Controller at CES 2015
OCZ Introduces New Saber 1000 Series SATA SSDs For Enterprises
New OCZ Vertex 460A Comes Armed With 19nm NAND
OCZ Releases The More Affordable ARC 100 SSD Series
OCZ Storage Solutions Launches New ZD-XL SQL Accelerator

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .