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Emulex shrugs off impact of Thai floods

Alex Scroxton

Emulex CEO Jim McCluney has shrugged off the impact of the Thai flood disaster on the firm's supply chain and moved to reassure partners and customers that everything is ticking over as it should be.

Speaking as the datacentre networking specialist unveiled its prelininary second quarter numbers to 1 January, McCluney praised the "outstanding execution" of Emulex's operations team in the wake of the catastrophe, the full impact of which has yet to become entirely apparent.

"Our ... team overcame the mid-quarter supply constraints from the Thailand flooding, bringing us back to full capacity and allowing us to exceed the high end of our revenue and earnings guidance for the quarter," said McCluney.

He added that the upcoming OEM server platform refresh cycle related to Intel's Romley chipset should keep the momentum going for the rest of the year.

Total sales were up to about $127.5m (£83.3m), exceeding high end guidance of between $121m and $127m. Network connectivity kit sales were up 10% sequentially and represented 75% of sdales in the quarter, while storage connectivity was up 13% over Q2, representing 20% of net sales.

GAAP diluted EPS for the quarter will come in at around $0.15, reversing a loss per share of $0.08 in the first quarter of Emulex's fiscal 2012.


 

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