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.
- 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.