LOS ANGELES: Super Micro Computer Inc has reported quarterly sales that tripled from the same period last year but fell slightly short of estimates, disappointing investors who had sky-high expectations for the server maker’s business to benefit from artificial intelligence-related demand.
Revenue in the fiscal third quarter, which ended March 31, climbed to US$3.85bil, the company said in a statement. That’s just below the consensus estimate of US$3.86bil.
Profit, excluding some items, was US$6.65 per share, ahead of the US$5.58 expected by Wall Street analysts. The results weren’t enough to advance the hype. The shares were down about 4% in extended trading. — Bloomberg
