SanDisk's Q2 strong as enterprise sales surge

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.

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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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