OCZ reports $7.6 million loss for Q2 FY 2011, 265% increase in SSD shipments

jmke · 11th October 2010, 15:22

The OCZ Technology Group has today provided its financial results for the second quarter of fiscal year 2011, the three-month period ended on August 31st. The company reports a revenue of $38.0 million - a flat figure compared to the results of Q2 FY 2010, and a loss of $7.6 million.

"In the second quarter of fiscal 2011, we benefited from continued growth in our enterprise and server SSD business," said Ryan Petersen, Chief Executive Officer of OCZ Technology Group. "We are pleased with the fast paced growth of both our client and enterprise SSD product lines, and the progress we have made in transitioning from unprofitable legacy commodity DRAM products."

http://www.tcmagazine.com/tcm/news/m...+Magaz ine%29

thorgal · 11th October 2010, 21:14

ok, so for every $100 they make, they lose an additional $20. Can't really call that a success

11th October 2010, 15:22	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	OCZ reports $7.6 million loss for Q2 FY 2011, 265% increase in SSD shipments The OCZ Technology Group has today provided its financial results for the second quarter of fiscal year 2011, the three-month period ended on August 31st. The company reports a revenue of $38.0 million - a flat figure compared to the results of Q2 FY 2010, and a loss of $7.6 million. "In the second quarter of fiscal 2011, we benefited from continued growth in our enterprise and server SSD business," said Ryan Petersen, Chief Executive Officer of OCZ Technology Group. "We are pleased with the fast paced growth of both our client and enterprise SSD product lines, and the progress we have made in transitioning from unprofitable legacy commodity DRAM products." http://www.tcmagazine.com/tcm/news/m...+Magaz ine%29 __________________

11th October 2010, 21:14	#2
thorgal [M] Reviewer Join Date: Sep 2005 Posts: 1,887	ok, so for every $100 they make, they lose an additional $20. Can't really call that a success __________________

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