SanDisk's Q2 strong as enterprise sales surge

Summary:SanDisk said that solid state drives were 29 percent of the company's second quarter revenue, up from 16 percent a year ago.

SanDisk, which recent bolstered its enterprise portfolio with the acquisition of Fusion-io , delivered strong second quarter results and record revenue for its enterprise drives.

The company reported second quarter earnings of $274 million, or $1.14 a share, on revenue of $1.63 billion, up 11 percent from a year ago. Non-GAAP earnings were $1.41 a share. Wall Street was looking for non-GAAP earnings of $1.39 a share on revenue of $1.6 billion.

SanDisk said that solid state drives were 29 percent of the company's second quarter revenue, up from 16 percent a year ago. The company has actively targeted the enterprise as data centers increasingly go with solid state drives for analytic workloads. Fusion-io will also help SanDisk's enterprise ambitions.

Here's a look at SanDisk's revenue by product as well as the commercial and retail breakdown.

sandiskq2breakdown

 

Topics: Storage, Data Centers

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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

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