News
 

Bookmark and Share

(2) 

Once a supplier of high-performance dynamic random access memory (DRAM), OCZ Technology is becoming a major player on the market of solid-state drives (SSDs). In fact, the company says it is one of the largest SSD supplier on the planet. In fact, OCZ's SSDs are already utilized by the most demanding companies in the world.

"Unlike our publicly traded SSD peers, OCZ was not a purpose built enterprise SSD company. Last year we set out to do what might have seemed improbable if not impossible, transition completely away from [DRAM] business to focus on SSDs while simultaneously growing revenue. Now, we are proud of our progress. [...] Today, we sell more SSDs than just about any other company in the world," said Ryan Petersen, chief executive officer of OCZ, during the most recent conference call.

The company claims that among the companies, who do not have their own NAND flash manufacturing facilities (Samsung, IMFT, etc.), it is among the largest suppliers of solid-state drives among both enterprise and client categories.

According to Ryan Petersen, either directly or through OEMs, OCZ SSDs have recently been deployed to enterprise and data center clients such as AOL, eBay, SAP, Prudential, Marketwire, EdgeCast, ASK.com, NTT Docomo, South Korean Telecom, Boxel, Boeing, Chevron, Carbonite, Honda, Bloomberg.

The list of OCZ's OEM partners include companies such as Dell, HP, SGI, Quanta Cloud Computing, Supermicro, Panzura, Tegile, Astute Networks, Penguin Computing, Wistron, JVL, Flextronics.

"It’s simply an example of some of our early deployments. It’s worth noting that the majority of these customers are at the very beginning of their deployment in sales cycles, which often takes several quarters to ramp. But over a period of time, they could result in pretty significant growth," stressed Mr. Petersen.

OCZ Technology Group last week reported its Q2 FY2012, which ended on August 31, 2011. The net revenue in Q2 FY2012 was a record $78.5 million, and increased 106% compared with net revenue of $38.0 million reported in Q2 FY2011, and increased 6% compared with the $73.8 million reported in Q1 FY2012.

Precise results:

  • SSD revenue reached a record $71.1 million, an increase of 252% compared with Q2 FY2011 SSD revenue of $20.2 million, and a 3% increase compared with Q1 FY2012 SSD revenue of $69.1 million;
  • Gross margin increased to 21.6% compared with 4.3% in Q2 FY2011, and 20.0% in Q1 FY2012;
  • GAAP net income in Q2 FY2012 of $3.2 million or $0.06 per share.

Tags: OCZ, SSD, NAND, Flash, Business, Businesse

Discussion

Comments currently: 2
Discussion started: 10/13/11 09:15:29 AM
Latest comment: 04/29/12 11:48:53 PM

[1-1]

1. 
If only OCZ's SSDs were reliable and didn't have compatibility issues they'd be fine...
0 0 [Posted by: beenthere  | Date: 10/13/11 09:15:29 AM]
Reply

[1-1]

Add your Comment




Related news

Latest News

Monday, April 14, 2014

8:23 am | Microsoft Vows to Release Xbox 360 Emulator for Xbox One. Microsoft Xbox One May Gain Compatibility with Xbox 360 Games

Tuesday, April 1, 2014

10:39 am | Microsoft Reveals Kinect for Windows v2 Hardware. Launch of New Kinect for Windows Approaches

Tuesday, March 25, 2014

1:57 pm | Facebook to Acquire Virtual Reality Pioneer, Oculus VR. Facebook Considers Virtual Reality as Next-Gen Social Platform

1:35 pm | Intel Acquires Maker of Wearable Computing Devices. Basis Science Becomes Fully-Owned Subsidiary of Intel

Monday, March 24, 2014

10:53 pm | Global UHD TV Shipments Total 1.6 Million Units in 2013 – Analysts. China Ahead of the Whole World with 4K TV Adoption

10:40 pm | Crytek to Adopt AMD Mantle Mantle API for CryEngine. Leading Game Developer Adopts AMD Mantle

9:08 pm | Microsoft Unleashes DirectX 12: One API for PCs, Mobile Gadgets and Xbox One. Microsoft Promises Increased Performance, New Features with DirectX 12

3:33 pm | PowerVR Wizard: Imagination Reveals World’s First Ray-Tracing GPU IP for Mobile Devices. Imagination Technologies Brings Ray-Tracing, Hybrid Rendering Modes to Smartphones and Tablets

2:00 pm | Nokia Now Expects to Close Deal with Microsoft in Q2. Sale of Nokia’s Division to Close Next Month