Emulex Announces Preliminary Second Quarter Financial Results
Emulex Corporation announced its preliminary financial results for the second quarter of fiscal 2015 ending December 28, 2014, in advance of planned investor meetings today at the Needham Growth Conference in New York. On a preliminary basis, the Company currently anticipates revenue to be in a range of $110 million to $111 million, with non-GAAP earnings between $0.23 and $0.24 per share and GAAP earnings between $0.04 and $0.05 per share. Emulex had previously projected revenue within a range of $102 million to $108 million, with non-GAAP earnings between $0.14 and $0.18 per share and GAAP earnings between $0.00 per share and a loss of $0.04per share, as communicated during its fiscal first quarter earnings call on October 30, 2014. Reconciliation between GAAP and non-GAAP preliminary earnings per share is included herewith.
"Emulex finished calendar year 2014 in a much stronger position led by a resilient Fibre Channel sector and benefiting from solid execution and customers' embrace of our current product cycles," commented Jeff Benck, president and chief executive officer (CEO), Emulex. "We look forward to building on this foundation as the broad slate of OEM qualifications of our 10Gb Ethernet products designed for next generation x86 servers ramp in the market over the next year."
Investors interested in accessing the audio and presentation materials related to today's Needham Growth Conference may do so by visiting the investor relations section of the Emulex website at www.emulex.com.
Emulex plans to host a conference call to discuss second quarter results on Thursday, January 29, 2015 at 2:00 p.m. PDT (5:00 p.m. EDT), during which additional information and commentary will be provided by Emulex President and CEO Jeff Benck and Senior Vice President and Chief Financial Officer Kyle Wescoat.
The conference call may be accessed live, via the Emulex website at emulex.com/investors. A replay of the call will be available for 12 months by accessing the IR webcast archive section of the Emulex website.
