OCZ: Preliminary Fiscal 3Q12 Revenue …

OCZ Technology Group, Inc. announced its preliminary revenue for the third quarter of fiscal year 2012 (Q3’12), which ended on November 30, 2011.

"We expect to report record revenue in Q3’12, driven primarily by increased traction for our enterprise and server SSD offerings along with initial shipments of our new PCIe-based offerings," said Ryan Petersen, CEO of OCZ Technology. "Based on the exit bookings rates from November, interest in these products is exceeding our expectations, due to accelerated adoption of our SSDs by server OEMs and enterprise customers," added Petersen.

Preliminary Highlights

• OCZ expects revenue for Q3’12 between $100 and $105 million, an increase of approximately 90% compared with the revenue of $53.2 million reported in Q3’11, and an increase of approximately 30% compared with the $78.5 million reported in Q2’12.
• OCZ now expects revenue for its fiscal year 2012, ending February 29, 2012, to be in excess of the top end of its previously announced range of $320 to $350 million; this does not take into consideration any potential increase in demand for the company’s products arising from the widely reported hard disk drive shortage.

Additional commentary pertaining to the company’s results and updated guidance for fiscal 2012 will be issued when the company reports its actual Q3’12 financial results in early January 2012.