OCZ released their preliminary revenue for Q3’12 and its not good news for those pessimists that, not so long ago, predicted OCZ demise. OCZ’ innovative style and ability to be the first to market of new SSD tech has done them a world of good it seems.
SAN JOSE, Calif., Dec. 1, 2011 (GLOBE NEWSWIRE) — OCZ Technology Group, Inc. (Nasdaq:OCZ), a leadingprovider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced its preliminary revenue for the third quarter of fiscal year 2012 (Q3’12), which ended on November 30, 2011.
“We expect to report record revenue in Q3’12, driven primarily by increased traction for our enterprise and server SSD offerings along with initial shipments of our new PCIe-based offerings,” said Ryan Petersen, CEO of OCZ Technology. “Based on the exit bookings rates from November, interest in these products is exceeding our expectations, due to accelerated adoption of our SSDs by server OEMs and enterprise customers,” added Petersen.
- OCZ expects revenue for Q3’12 between $100 and $105 million, an increase of approximately 90% compared with the revenue of $53.2 million reported in Q3’11, and an increase of approximately 30% compared with the $78.5 million reported in Q2’12
- OCZ now expects revenue for its fiscal year 2012, ending February 29, 2012, to be in excess of the top end of its previously announced range of $320 to $350 million; this does not take into consideration any potential increase in demand for the Company’s products arising from the widely reported hard disk drive shortage
Additional commentary pertaining to the Company’s results and updated guidance for fiscal 2012 will be issued when the Company reports its actual Q3’12 financial results in early January 2012.
The preliminary revenue for the Company’s Q3’12 presented in this press release are preliminary estimates. They remain subject to management’s review of the results and also review by the Company’s independent accounting firm.
About OCZ Technology Group, Inc.
Founded in 2002, San Jose, CA-based OCZ Technology Group, Inc. (OCZ) is a leader in the design, manufacturing, and distribution of high performance and reliable Solid-State Drives (SSDs) and premium computer components. OCZ has built on its expertise in high-speed memory to become a leader in the enterprise and consumer SSD markets, a technology that competes with traditional rotating magnetic hard disk drives (HDDs). SSDs are faster, more reliable, generate less heat and use significantly less power than the HDDs used in the majority of computers today. In addition to SSD technology, OCZ also offers high performance components for computing devices and systems, including enterprise-class power management products as well as leading-edge computer gaming solutions.