Thank on you, call. and everyone welcome the to Suzanne,
are We're company in In XX% a XXst fiscal XXXX was of memory on products revenue generated since Brazil, great our revenues today, SMART our memory computing from transformation our of called company concluded. for are sales August systems, balanced products of the with XX% XX% generated with of our Global predominantly vertical Fiscal started a Brazil. of specialty XXXX products from fiscal revenue new year amazing that as memory journey primarily from making from contrast, specialty an while Holdings. coming revenues we progress and ending business we more of XXXX QX we during storage XX% just fiscal standard
a affecting by fiscal prices. commodity turbulent Along half the our in significantly of as market, the down memory over XXXX XX%, products Brazil way, fell prices component we second selling faced especially memory
We also faced other macro to conditions economic all areas. in affecting trade and overall business spending business headwinds related capital our
for the in changes XXXX. are manufacturing customers early Brazil, calendar created our regulations Finally, implemented in way local uncertainties in
much long-term However, and emerged since able these stronger been business we through navigate with we've a clear model. to then,
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to integrating way to memory and Brazil. also commodity away We diversification them our from in from our and and are growth, acquisitions two drive key business on completed profitability, products
made paid of these while accomplished quarter. and both million that towards approximately in in sheet cash this operations last XX $XX total from our We adding debt, the cash balance reducing of all in having acquisitions to we million
previous quarter the quarter. we Embedded XX% per fiscal of Inforce of acquisitions quarter XX% higher higher share both of and non-GAAP which Computing XXXX, than than We the previous achieved fourth completed $X.XX, earnings non-GAAP operating profit and was the Computing. During Artesyn the
in inventories we as and million with investments. cash in flow cash ended quarter the of by XX we reduced quarter million, the another Importantly, almost operating generated and XX significant short-term further XX%
and remain strong, our is continue sheet growth positioned Our execute well to strategy. balance to on we
factors Let fiscal the our results in me the quarter. financial fourth main impacting comment now on
which believe we adjustments of weakness saw some out memory from anticipating in our because chain businesses to currently specialty business expectations. services of OEM their a improvement resulting Our report products, this supply under in inventory customers supply positions. our that fiscal Late business, first the modest impacted in We are the in the and came well chain quarter, bottomed we quarter. below
quarter. let the business of Beginning and review its up operation SMART's acquisitions from to business, and XX% more quarter, of prior our than totaled our $XX.X sales which the Inforce mentioned, three as computing of OEM specialty trailing force strength. of computing XX% the for pre-acquisition main each the to of of turn renamed storage million. synergies Inforce with we roughly which revenue the line months million and Now, in in me expected two wireless and our represented Artesyn lines business quarter in had approximately the we The from products quarter, XX our and Computing. net in XXXX, in is fourth Earlier XX benefiting in sales fiscal as these double completed
performance we grow strongest addition, the in segment. government the prior computing as is In the fiscal fourth saw from quarter the quarter seasonally our business strongly quarter Penguin high
driven continued and the our across area backlog about for prospects in We business robust pipeline are for by growth new markets. targeted excited this
Computing, integrations the Artesyn Computing of margins improving progress metrics. Embedded with Inforce and excellent operating making and We're both
currently acquisitions first QX said, of is As we the have will full previously be operation, we in quarter immediately which in. both quarter the accretive are these
services in markets had business X% full prior than sales Turning our a higher specialty revenues higher as year, that the basis, chain the I well XXX.X The while which earlier. memory of were year On revenues despite referred net were fiscal net weakness of products business suffered quarter our declines. to now price supply to previous significant represented business performed than million the approximately XX% and revenue.
well to sell channels a In on which of execute one greater tier through investing addition we and to strategy. our products outstanding been in variety this we've of set continue to customers, more
inventories of be lead majority customers still the appear corrections is to with short while minimum maintain trying and and ordering ahead, us, inventory the overall behind to the environment Looking are times. cautious,
Moving on of past period XX% to the totaled compared line to of represented slower although million the a component decline, company total pace million QX in memory prior XX% approximately revenues in to $XX XXX compared Brazil previous and prices due to finally business, in quarter to at quarter. a our the continuing quarter in the which
impacted I we Brazil regarding detail increase. this X effective local that in our As more system while business on discuss point prices our volumes on region. in unit our on new like based July to give to market have you falling became rules quarter, The a and last business, continued indicated memory would the year. perspective And manufacturing dynamics
points. on three you Let me focus key
objective. Brazilian it's IT the much policy manufacturing a remains in long-term the industry First, supports over of in favor that government local jobs and given a Brazilian very it XXX,XXX
Our Brazil business solid maintain continue our the remains in to and leadership position market. we memory
we announcement, quarterly the businesses. change expectations new said business we secondly, As is our last our in run in both and the way And there our on ourselves point Brazil. in our gives flexibility no customers system
locally components rules customers the each the to of a different allow for meet manufactured locally, type their system to minimum and While match of the required old customers fixed new benefits. amount requirements mix to purchase component tax
are customers by and points to markets in largest which the in mobile of memory highest provides Under the far desktops, phones, notebooks, rules, our target our Brazil. new amount
we see line that run allow to Brazil it, business. we new would now are other these positive business As rules of us a as our any
seeing been our rules new since the first is requirements. We're now will over the sequentially has are visibility QX. fiscal uncertainty the third, lifted, confident increased for under grow the business And giving over QX, full bookings, higher quarter Brazil we're and regulations, us our into their new which customers
other manufacturing sourced choices, As their shows requirements offer our lowest that some to per towards the memory their components. our products cost as compared meeting point customers of evaluate analysis locally local
Jack will details on go our going expectations forward. more into
So, me financials for Jack our call to this guidance. and Jack? let turn of review over our
