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.