Sandisk handily tops Q2 expectations

Sandisk handily tops Q2 expectations

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

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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.

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Topics: Storage, Hardware, Processors

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