Supermicro 3FQ20 Business Guidance
Revenue of $755-$785 million down from $770-$830 million, impacted by Coronavirus
This is a Press Release edited by StorageNewsletter.com on April 3, 2020 at 2:34 pmSuper Micro Computer, Inc. provided preliminary information regarding its financial results for 3FQ20 ended March 31, 2020.
The company anticipates that it will report revenue for 3FQ20 in the range of $755 million to $785 million. The company’s previous guidance range was $770 million to $830 million.
As of March 31, 2020, Supermicro held approximately $285 million in net cash and equivalents.
“We have taken the requisite actions to protect the health and safety of our employees, partners, and community,” said Charles Liang, chairman and CEO. “While efforts to halt the spread of COVID-19 impacted our operations during the quarter, we continue to operate, with an abundance of caution and expanded safety precautions. Looking ahead, with a strong balance sheet and healthy levels of liquidity, we look to appropriately prioritize and capitalize on any opportunities leveraging our US, Taiwan, and other global facilities. We remain excited about our product solutions targeting the cloud, AI, 5G/edge, and the evolving needs of the enterprise. I want to thank our loyal employees, partners and customers during this challenging time.“
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