OCZ Reports $103.1 million Revenue for Q3 FY 2012

[Cristian_25H]

The OCZ Technology Group has just announced that, in the third quarter of fiscal year 2012 (the three-month period ended November 30th), its revenue reached a record $103.1 million, up 94% on-year and up 31% sequentially. As expected, the company's bread and butter were once again solid state drives as they alone generated sales of $95.5 million (up 130% on-year and up 34% over Q2 FY 2012).

Despite the boost in revenue, OCZ still reported a net loss of $0.9 million for the quarter, but it's an improvement compared to Q3 FY 2011 when the company's losses were of $8.3 million.



"We are pleased to report another quarter of record revenue and increased margins. This trend is being driven by an increase in market adoption of our SSDs, and is supported by OCZ's substantially increased investments in R&D and the ability to execute on bringing new leading-edge products to market ahead of the competition," said Ryan Petersen, CEO of OCZ Technology. "Looking forward, we believe OCZ's momentum positions us well to continue to increase market share in what is widely regarded as one of the fastest growing markets in technology."

For the current quarter, which ends on February 29, OCZ is expecting revenue in the range of $105 to $120 million.

[Kantastic]

If OCZ doesn't botch their new Indilinx controllers and can dish out reliable and reasonably performing products, they should see a huge spike in profits in the SSD department. More so if they can license their controller to 3rd party SSD manufacturers like what SandForce does.

[moonlord]

Good for them, now i'm looking on my desk at an OCZ Vertex 3 that is messed up, my first ssd died after 2 months and was also an OCZ Vertex, maybe i'm unlucky or are they unreliable.

[shiny_red_cobra]

OCZ sucks, nuff said.

[AthlonX2]

Originally Posted by moonlord

Good for them, now i'm looking on my desk at an OCZ Vertex 3 that is messed up, my first ssd died after 2 months and was also an OCZ Vertex, maybe i'm unlucky or are they unreliable.

it's called rma

[moonlord]

Originally Posted by AthlonX2

it's called rma

I know that, the king of BSOD OCZ Vertex 3 died few hours a go, i swear i'll never buy their crap.

[Altered]

I remember when their memory was their big thing. At first their memory was pretty good it seemed then as time passed it just became another name in the pile of mid grade memory.

Despite the boost in revenue, OCZ still reported a net loss of $0.9 million for the quarter

Sounds like someone is getting or giving out to many or to big of $ bonuses.