Exhibit 99.1
Super Micro Computer, Inc. Announces 4th Quarter and Fiscal Year 2010 Financial Results
SAN JOSE, Calif., August 3, 2010 (BUSINESS WIRE) — Super Micro Computer, Inc. (NASDAQ:SMCI), a leader in application optimized, high performance server solutions, today announced fourth quarter and full-year financial results for the fiscal year ended June 30, 2010.
Fiscal 4th Quarter Highlights
| | • | | Quarterly net sales of $201.7 million, up 6.5% from the third quarter of fiscal year 2010 and up 63.4% from the same quarter of last year. |
| | • | | Net income of $7.7 million, down 0.2% from the third quarter of fiscal year 2010 and up 227.2% from the same quarter of last year. |
| | • | | Gross margin of 15.3%, down from 15.5% in the third quarter of fiscal year 2010 and down from 16.6% from the same quarter of last year. |
| | • | | Server Solutions accounted for 32.2% of net sales compared with 33.6% in the third quarter of fiscal year 2010 and 36.7% in the same quarter of last year. |
Net sales for the fourth quarter ended June 30, 2010 totaled $201.7 million, up 63.4% from $123.5 million in the fourth quarter of fiscal year 2009. No customer accounted for more than 10% of net sales during the quarter.
Net income for the fourth quarter of fiscal year 2010 was $7.7 million or $0.18 per diluted share, an increase of 227.2% from the net income of $2.4 million, or $0.06 per diluted share in the same period a year ago. Included in net income for the quarter was $1.7 million of stock-based compensation expense (pre-tax). Excluding stock-based compensation expense and the related tax effect, non-GAAP net income for the fourth quarter was $9.1 million, or $0.21 per diluted share, compared to non-GAAP net income of $3.8 million, or $0.10 per diluted share, in the same quarter of last year. On a sequential basis, non-GAAP net income increased from the third quarter of fiscal year 2010 by $0.1 million and was unchanged on a per diluted share basis.
Gross margin for the fourth quarter was 15.3%, compared to 16.6% in the same period a year ago. Non-GAAP gross margin for the fourth quarter was 15.4% compared to 16.7% in the same period a year ago. Non-GAAP gross margin was 15.5% for the third quarter of fiscal year 2010.
The Company’s cash and cash equivalents, short and long term investments at June 30, 2010 were $79.4 million compared to $73.2 million at March 31, 2010. Free cash flow in the year ended June 30, 2010 was ($24.4) million which included the purchase of buildings for $18.5 million.
Fiscal Year 2010 Summary
Net sales for the fiscal year ended June 30, 2010 were $721.4 million, up 42.7% from $505.6 million for the fiscal year ended June 30, 2009. Net income for fiscal year 2010 increased to $26.9 million, or $0.65 per diluted share, an increase of 67.1% from $16.1 million, or $0.41 per diluted share, for fiscal year 2009. Excluding stock based-compensation expense and related tax effect, non-GAAP net income for the fiscal year 2010 was $33.1 million or $0.78 per diluted share, an increase of 55.5% compared to $21.3 million or $0.54 per diluted share for fiscal year 2009.
Business Outlook & Management Commentary
The Company expects net sales of $200 million to $210 million for the first quarter of fiscal year 2011 ending September 30, 2010. This quarter we have a continuation of the ramp of new product transition and of utilization of overseas operations and integration centers, offset in part by a historically flat seasonal quarter for the industry; the Company expects non-GAAP earnings per diluted share of approximately $0.21 to $0.25 for the first quarter.
“Fiscal 2010 was a remarkable year of growth for Supermicro and this quarter represented our 5th straight quarter of increasing revenues and our 4th straight quarter of record revenues making 2010 revenue 43% higher than last year. We have achieved this growth because we have offered the best product lines in our history that have been optimized to the newer processor technologies that were launched during the past year. In addition, we have benefited by customers who took advantage of the newer technologies to improve their return on investment by investing in Supermicro technology which offers the best performance per watt, performance per dollar, performance per square foot, and the lowest total cost of ownership. We expect this trend to continue,” said Charles Liang, CEO and President.
It is currently expected that the outlook will be released at the Company’s next quarterly earnings announcement, notwithstanding subsequent developments. The Company may update the outlook or any portion thereof at any time. Such updates will take place only by way of a news release or other broadly disseminated disclosure available to all interested parties in accordance with Regulation FD.
Conference Call Information
Super Micro Computer will discuss these financial results in a conference call at 2:00 p.m. PT, today. To participate the conference, please call 888-254-3570 (international callers dial 913-312-1491) 10 minutes prior. A recording of the conference will be available until 11:59 pm ET on Tuesday, August 17, 2010 by dialing 877-870-5176 (international callers dial 858-384-5517) and entering replay PIN5174377. The live web cast and recording of the call will be available on the Investor Relations section atwww.supermicro.com two hours after the conference conclusion. They will remain available until the Company’s next earnings call.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, to our expected financial and operating results, our ability to build and grow Super Micro Computer, the benefits of our products and our ability to achieve our goals, plans and objectives. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated. These include, but are not limited to: our dependence on continued growth in the markets for X86, blade servers and embedded applications, increased competition, difficulties of predicting timing, introduction and customer acceptance of new products, poor product sales, difficulties in establishing and maintaining successful relationships with our distributors and vendors, shortages or price fluctuations in our supply chain, our ability to protect our intellectual property rights, our ability to control the rate of expansion domestically and internationally, difficulty managing rapid growth and general political, economic and market conditions and events. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.
Use of Non-GAAP Financial Measures
Non-GAAP gross margin discussed in this press release excludes stock-based compensation expense. Non-GAAP net income and net income per share discussed in this press release exclude stock-based compensation expense, a provision for litigation loss and the related tax effect of the applicable items. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the Company’s performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the Company’s financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool, and are not intended to be an alternative to financial measures prepared in accordance with GAAP. Pursuant to the requirements of SEC Regulation G, detailed reconciliations between the Company’s GAAP and non-GAAP financial results is provided at the end of this press release. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in the Company’s SEC filings.
About Super Micro Computer, Inc.
Supermicro, the leader in server technology innovation and green computing, provides customers around the world with application-optimized server, workstation, blade, storage and GPU systems. Based on its advanced Server Building Block Solutions, Supermicro offers the most optimized selection for IT, datacenter and HPC deployments. The company’s system architecture innovations include the Twin server, double-sided storage and SuperBlade® product families. Offering the most comprehensive product lines in the industry, Supermicro provides businesses of all sizes with energy-efficient, earth-friendly solutions that deliver unmatched performance and value. Founded in 1993, Supermicro is headquartered in Silicon Valley with worldwide operations and manufacturing centers in Europe and Asia. For more information, visitwww.supermicro.com.
SUPER MICRO COMPUTER, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
| | | | | | | | |
| | | June 30,
2010 | | | June 30,
2009 | |
ASSETS | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents | | $ | 72,644 | | | $ | 70,295 | |
Short-term investments | | | 845 | | | | 347 | |
Accounts receivable, net | | | 72,963 | | | | 45,709 | |
Inventories, net | | | 135,584 | | | | 90,044 | |
Deferred income taxes – current | | | 9,756 | | | | 8,644 | |
Prepaid income taxes | | | 2,737 | | | | 3,256 | |
Prepaid expenses and other current assets | | | 2,328 | | | | 1,723 | |
| | | | | | | | |
Total current assets | | | 296,857 | | | | 220,018 | |
Long-term investments | | | 5,901 | | | | 14,355 | |
Property, plant and equipment, net | | | 62,691 | | | | 44,960 | |
Deferred income taxes – noncurrent | | | 4,825 | | | | 1,917 | |
Restricted assets | | | 286 | | | | 1,766 | |
Other assets | | | 202 | | | | 119 | |
| | | | | | | | |
Total assets | | $ | 370,762 | | | $ | 283,135 | |
| | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | |
Current liabilities: | | | | | | | | |
Accounts payable | | $ | 95,416 | | | $ | 73,532 | |
Accrued liabilities | | | 19,432 | | | | 13,918 | |
Income taxes payable | | | 3,219 | | | | — | |
Advances from receivable financing arrangements | | | 1,193 | | | | 1,220 | |
Short-term debt | | | 18,553 | | | | — | |
Current portion of capital lease obligations | | | 62 | | | | 42 | |
Current portion of long-term debt | | | — | | | | 319 | |
| | | | | | | | |
Total current liabilities | | | 137,875 | | | | 89,031 | |
Long-term capital lease obligations-net of current portion | | | 46 | | | | 66 | |
Long-term debt-net of current portion | | | — | | | | 9,675 | |
Other long-term liabilities | | | 8,140 | | | | 5,741 | |
| | | | | | | | |
Total liabilities | | | 146,061 | | | | 104,513 | |
Stockholders’ equity: | | | | | | | | |
Common stock and additional paid-in capital | | | 100,350 | | | | 81,893 | |
Deferred stock-based compensation | | | — | | | | (110 | ) |
Treasury stock (at cost) | | | (2,030 | ) | | | (2,030 | ) |
Accumulated other comprehensive loss | | | (204 | ) | | | (801 | ) |
Retained earnings | | | 126,585 | | | | 99,670 | |
| | | | | | | | |
Total stockholders’ equity | | | 224,701 | | | | 178,622 | |
| | | | | | | | |
Total liabilities and stockholders’ equity | | $ | 370,762 | | | $ | 283,135 | |
| | | | | | | | |
SUPER MICRO COMPUTER, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share amounts)
(Unaudited)
| | | | | | | | | | | | | | | | |
| | | Three Months Ended | | | Fiscal Year Ended | |
| | | June 30,
2010 | | | June 30,
2009 | | | June 30,
2010 | | | June 30,
2009 | |
Net sales | | $ | 201,664 | | | $ | 123,453 | | | $ | 721,438 | | | $ | 505,609 | |
Cost of sales | | | 170,755 | | | | 102,998 | | | | 606,446 | | | | 416,899 | |
| | | | | | | | | | | | | | | | |
Gross profit | | | 30,909 | | | | 20,455 | | | | 114,992 | | | | 88,710 | |
Operating expenses: | | | | | | | | | | | | | | | | |
Research and development | | | 10,244 | | | | 8,836 | | | | 37,382 | | | | 34,514 | |
Sales and marketing | | | 5,273 | | | | 4,072 | | | | 20,458 | | | | 17,119 | |
General and administrative | | | 4,008 | | | | 3,823 | | | | 15,318 | | | | 13,824 | |
Provision for litigation loss | | | — | | | | — | | | | 1,089 | | | | — | |
| | | | | | | | | | | | | | | | |
Total operating expenses | | | 19,525 | | | | 16,731 | | | | 74,247 | | | | 65,457 | |
Income from operations | | | 11,384 | | | | 3,724 | | | | 40,745 | | | | 23,253 | |
Interest income | | | 21 | | | | 54 | | | | 98 | | | | 476 | |
Interest expense | | | (94 | ) | | | (220 | ) | | | (383 | ) | | | (930 | ) |
Other Income, net | | | 5 | | | | — | | | | 5 | | | | — | |
| | | | | | | | | | | | | | | | |
Income before income tax provision | | | 11,316 | | | | 3,558 | | | | 40,465 | | | | 22,799 | |
Income tax provision | | | 3,601 | | | | 1,200 | | | | 13,550 | | | | 6,692 | |
| | | | | | | | | | | | | | | | |
Net income | | $ | 7,715 | | | $ | 2,358 | | | $ | 26,915 | | | $ | 16,107 | |
| | | | | | | | | | | | | | | | |
Net income per common share: | | | | | | | | | | | | | | | | |
Basic | | $ | 0.20 | | | $ | 0.07 | | | $ | 0.73 | | | $ | 0.46 | |
| | | | | | | | | | | | | | | | |
Diluted | | $ | 0.18 | | | $ | 0.06 | | | $ | 0.65 | | | $ | 0.41 | |
| | | | | | | | | | | | | | | | |
Weighted-average shares used in calculation of net income per common share: | | | | | | | | | | | | | | | | |
Basic (a) | | | 36,848,521 | | | | 34,734,058 | | | | 35,883,640 | | | | 34,217,571 | |
| | | | | | | | | | | | | | | | |
Diluted (b) | | | 42,219,333 | | | | 38,460,433 | | | | 40,735,336 | | | | 38,595,593 | |
| | | | | | | | | | | | | | | | |
|
| Stock-based compensation is included in the following cost and expense categories by period (in thousands): | |
| | |
| | | Three Months Ended | | | Fiscal Year Ended | |
| | | June 30,
2010 | | | June 30,
2009 | | | June 30,
2010 | | | June 30,
2009 | |
Cost of sales | | $ | 163 | | | $ | 157 | | | $ | 573 | | | $ | 578 | |
Research and development | | | 779 | | | | 737 | | | | 3,106 | | | | 2,608 | |
Sales and marketing | | | 255 | | | | 237 | | | | 880 | | | | 826 | |
General and administrative | | | 482 | | | | 552 | | | | 1,898 | | | | 1,649 | |
SUPER MICRO COMPUTER, INC
CONDENSED CONSOLIDATED CASH FLOW STATEMENTS
(In thousands)
(Unaudited)
| | | | | | | | |
| | | Fiscal Year Ended June 30, | |
| | | 2010 | | | 2009 | |
OPERATING ACTIVITIES: | | | | | | | | |
Net income | | $ | 26,915 | | | $ | 16,107 | |
Reconciliation of net income to net cash provided by operating activities: | | | | | | | | |
Depreciation and amortization | | | 4,619 | | | | 3,653 | |
Stock-based compensation expense | | | 6,457 | | | | 5,661 | |
Excess tax benefits from stock-based compensation | | | (1,484 | ) | | | — | |
Allowance for doubtful accounts | | | 772 | | | | 299 | |
Allowance for sales returns | | | 5,310 | | | | 4,248 | |
Provision for inventory | | | 2,614 | | | | 1,459 | |
Loss on disposal of property and equipment | | | 63 | | | | 40 | |
Deferred income taxes | | | (4,407 | ) | | | (1,002 | ) |
Gain on short-term investments | | | (1 | ) | | | — | |
Changes in operating assets and liabilities: | | | | | | | | |
Accounts receivable, net | | | (33,336 | ) | | | (755 | ) |
Inventories | | | (48,154 | ) | | | (5,820 | ) |
Prepaid expenses and other assets | | | (792 | ) | | | 116 | |
Accounts payable | | | 21,840 | | | | (6,914 | ) |
Prepaid income taxes/income taxes payable | | | 9,497 | | | | 4,792 | |
Accrued liabilities | | | 5,513 | | | | (872 | ) |
Other long-term liabilities | | | 2,399 | | | | 807 | |
| | | | | | | | |
Net cash provided by (used in) operating activities | | | (2,174 | ) | | | 21,819 | |
| | | | | | | | |
INVESTING ACTIVITIES: | | | | | | | | |
Proceeds from investments | | | 8,999 | | | | 942 | |
Purchases of investments | | | (58 | ) | | | (58 | ) |
Purchases of property, plant and equipment | | | (22,223 | ) | | | (3,561 | ) |
Restricted assets | | | 1,480 | | | | (38 | ) |
| | | | | | | | |
Net cash used in investing activities | | | (11,802 | ) | | | (2,715 | ) |
| | | | | | | | |
FINANCING ACTIVITIES: | | | | | | | | |
Proceeds from short-term debt | | | 18,553 | | | | — | |
Repayment of long-term debt | | | (9,994 | ) | | | (307 | ) |
Proceeds from exercise of stock options | | | 6,351 | | | | 2,057 | |
Excess tax benefits from stock-based compensation | | | 1,484 | | | | — | |
Payment of obligations under capital leases | | | (42 | ) | | | (57 | ) |
Advances under receivable financing arrangements | | | (27 | ) | | | 47 | |
Payment to acquire treasury stock | | | — | | | | (2,030 | ) |
| | | | | | | | |
Net cash provided by (used) in financing activities | | | 16,325 | | | | (290 | ) |
| | | | | | | | |
Net increase in cash and cash equivalents | | | 2,349 | | | | 18,814 | |
Cash and cash equivalents at beginning of period | | | 70,295 | | | | 51,481 | |
| | | | | | | | |
Cash and cash equivalents at end of period | | $ | 72,644 | | | $ | 70,295 | |
| | | | | | | | |
Supplemental disclosure of cash flow information: | | | | | | | | |
Cash paid for interest | | $ | 371 | | | $ | 930 | |
Cash paid for taxes, net of refunds | | $ | 6,542 | | | $ | 3,648 | |
Non-cash investing and financing activities: | | | | | | | | |
Reversal of deferred stock-based compensation for cancellation of stock options | | $ | — | | | $ | 3 | |
Accrued costs for property, plant and equipment purchases | | $ | 491 | | | $ | 447 | |
Changes in fair values of investments | | $ | 984 | | | $ | (577 | ) |
SUPER MICRO COMPUTER, INC
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In thousands, except share and per share amounts)
(Unaudited)
| | | | | | | | | | | | | | | | |
| | | Three Months Ended | | | Fiscal Year Ended | |
| | | June 30,
2010 | | | June 30,
2009 | | | June 30,
2010 | | | June 30,
2009 | |
GAAP GROSS PROFIT | | $ | 30,909 | | | $ | 20,455 | | | $ | 114,992 | | | $ | 88,710 | |
Add back stock-based compensation (c) | | | 163 | | | | 157 | | | | 573 | | | | 578 | |
| | | | | | | | | | | | | | | | |
Non-GAAP GROSS PROFIT | | $ | 31,072 | | | $ | 20,612 | | | $ | 115,565 | | | $ | 89,288 | |
| | | | | | | | | | | | | | | | |
GAAP GROSS MARGIN | | | 15.3 | % | | | 16.6 | % | | | 15.9 | % | | | 17.5 | % |
Add back stock-based compensation (c) | | | 0.1 | % | | | 0.1 | % | | | 0.1 | % | | | 0.2 | % |
| | | | | | | | | | | | | | | | |
Non-GAAP GROSS MARGIN | | | 15.4 | % | | | 16.7 | % | | | 16.0 | % | | | 17.7 | % |
| | | | | | | | | | | | | | | | |
GAAP INCOME FROM OPERATIONS | | $ | 11,384 | | | $ | 3,724 | | | $ | 40,745 | | | $ | 23,253 | |
Add back stock-based compensation (c) | | | 1,679 | | | | 1,683 | | | | 6,457 | | | | 5,661 | |
Add back provision for litigation loss (d) | | | — | | | | — | | | | 1,089 | | | | — | |
| | | | | | | | | | | | | | | | |
Non-GAAP INCOME FROM OPERATIONS | | $ | 13,063 | | | $ | 5,407 | | | $ | 48,291 | | | $ | 28,914 | |
| | | | | | | | | | | | | | | | |
GAAP NET INCOME | | $ | 7,715 | | | $ | 2,358 | | | $ | 26,915 | | | $ | 16,107 | |
Add back stock-based compensation (c) | | | 1,679 | | | | 1,683 | | | | 6,457 | | | | 5,661 | |
Add back provision for litigation loss (d) | | | — | | | | — | | | | 1,089 | | | | — | |
Add back adjustments to tax provision (e) | | | (317 | ) | | | (270 | ) | | | (1,390 | ) | | | (502 | ) |
| | | | | | | | | | | | | | | | |
Non-GAAP NET INCOME | | $ | 9,077 | | | $ | 3,771 | | | $ | 33,071 | | | $ | 21,266 | |
| | | | | | | | | | | | | | | | |
GAAP NET INCOME PER COMMON SHARE – BASIC (a) | | $ | 0.20 | | | $ | 0.07 | | | $ | 0.73 | | | $ | 0.46 | |
Add back stock-based compensation, provision for litigation loss and adjustments to tax provision (c) (d) (e) | | | 0.04 | | | | 0.04 | | | | 0.17 | | | | 0.16 | |
| | | | | | | | | | | | | | | | |
Non-GAAP NET INCOME PER SHARE – BASIC (f) | | $ | 0.24 | | | $ | 0.11 | | | $ | 0.90 | | | $ | 0.62 | |
| | | | | | | | | | | | | | | | |
GAAP NET INCOME PER COMMON SHARE – DILUTED (b) | | $ | 0.18 | | | $ | 0.06 | | | $ | 0.65 | | | $ | 0.41 | |
Add back stock-based compensation, provision for litigation loss and adjustments to tax provision (c) (d) (e) | | | 0.03 | | | | 0.04 | | | | 0.13 | | | | 0.13 | |
| | | | | | | | | | | | | | | | |
Non-GAAP NET INCOME PER SHARE – DILUTED (g) | | $ | 0.21 | | | $ | 0.10 | | | $ | 0.78 | | | $ | 0.54 | |
| | | | | | | | | | | | | | | | |
WEIGHTED-AVERAGE SHARES USED IN COMPUTING NET INCOME PER SHARE | | | | | | | | | | | | | | | | |
BASIC - GAAP(h) | | | 36,848,521 | | | | 34,734,058 | | | | 35,883,640 | | | | 34,217,571 | |
| | | | | | | | | | | | | | | | |
BASIC - Non-GAAP(i) | | | 37,704,044 | | | | 34,734,058 | | | | 36,822,258 | | | | 34,217,571 | |
| | | | | | | | | | | | | | | | |
DILUTED - GAAP(h) | | | 42,219,333 | | | | 38,460,433 | | | | 40,735,336 | | | | 38,595,593 | |
| | | | | | | | | | | | | | | | |
DILUTED - Non-GAAP(i) | | | 43,682,579 | | | | 39,467,254 | | | | 42,363,543 | | | | 39,339,871 | |
| | | | | | | | | | | | | | | | |
| (a) | Approximately $175,000 and $77,000 of undistributed earnings allocated to participating securities were not included in the determination of GAAP basic net income per common share for the three months ended June 30, 2010 and 2009, respectively, and approximately $686,000 and $424,000 for the year ended June 30, 2010 and 2009, respectively. |
| (b) | Approximately $153,000 and $70,000 of undistributed earnings allocated to participating securities were not included in the determination of GAAP diluted net income per common share for the three months ended June 30, 2010 and 2009, respectively, and approximately $606,000 and $377,000 for the year ended June 30, 2010 and 2009, respectively. |
| (c) | Amortization of ASC Topic 718 (SFAS No. 123R, APB 25 and SFAS No. 123) stock-based compensation for the three months and fiscal year ended June 30, 2010 and 2009. |
| (d) | Provision for litigation loss related to a commercial lawsuit filed in 1999. |
| (e) | The provision of income taxes used in arriving at the non-GAAP net income was computed using an income tax rate of 30.2% and 28.0% for the three months ended June 30, 2010 and 2009, respectively, and 31.1% and 25.3% for the fiscal year ended June 30, 2010 and 2009, respectively. |
| (f) | Approximately $206,000 and $843,000 of undistributed earnings allocated to participating securities were included in the determination of Non-GAAP basic net income per common share for the three months and fiscal year ended June 30, 2010, respectively. |
| (g) | Approximately $178,000 and $733,000 of undistributed earnings allocated to participating securities were included in the determination of Non-GAAP diluted net income per common share for the three months and fiscal year ended June 30, 2010, respectively. |
| (h) | 855,523 and 938,618 shares of unvested restricted stock awards were not included in the determination of GAAP basic net income per common share for the three months and fiscal year ended June 30, 2010, respectively. |
| (i) | 855,523 and 938,618 shares of unvested restricted stock awards were included in the determination of Non-GAAP basic net income per share for the three months and fiscal year ended June 30, 2010, respectively. |
SMCI-F
SOURCE: Super Micro Computer, Inc.
Super Micro Computer, Inc.
Howard Hideshima, 408-503-8000
Chief Financial Officer
ir@supermicro.com
or
Perry G. Hayes
SVP, Investor Relations
ir@supermicro.com
