Sandisk handily tops Q2 expectations

Summary:The Flash memory player was upbeat about its enterprise storage business.

Sandisk, a Flash storage player that is building out its enterprise portfolio, reported a strong second quarter that handily topped expectations.

The company reported second quarter earnings of $262 million, or $1.06 a share, on revenue of $1.48 billion, up 43 percent from a year ago. Non-GAAP earnings for the second quarter was $1.21 a share.

Wall Street was expecting second quarter earnings of 93 cents a share on revenue of $1.4 billion.

In a statement, Sandisk said it was upbeat about its embedded memory products as well as its enterprise storage business. The company recently acquired SMART Storage Systems.

sndk071713a

 

Topics: Storage, Hardware, Processors

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.