Silicon Graphics International
The 10-second takeaway
For the quarter ended Dec. 28 (Q2), Silicon Graphics International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded.
Margins grew across the board.
Silicon Graphics International notched revenue of $171.2 million. The four analysts polled by S&P Capital IQ wanted to see sales of $170.5 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $195.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.10. The three earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS were $0.03 for Q2 versus -$0.07 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.8%, 110 basis points better than the prior-year quarter. Operating margin was 0.0%, 100 basis points better than the prior-year quarter. Net margin was 0.6%, 180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $210.0 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $767.0 million. The average EPS estimate is $0.15.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Graphics International is buy, with an average price target of $13.50.
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