Host Server Products accounted for 81% of net revenues
Emulex has reported net revenues of $114m for the second quarter of 2011, an increase of 5% compared to $108.2m for the same quarter of last year and an increase of 11% sequentially.
For the quarter, Host Server Products (HSP) accounted for 81% of net revenues, while 8Gb/s net revenues increased 50% of HSP net revenues during the quarter.
The 10Gb/s Ethernet-based net revenues grew 35% sequentially, accounting for 10% of total net revenues during the quarter.
The Embedded Storage Products (ESP) net revenues decreased 17% year-over-year and 9% sequentially to $21.8 million, or 19% of net revenues.
Operating loss was $8.2m for the quarter compared to an operating income of $5.7m in the prior year quarter.
For the quarter the company posted a net loss of $39.7m, or $0.46 per diluted share compared to net income $8.9m, or $0.11 per diluted share for the second quarter of 2010.
Emulex president and CEO Jim McCluney said the company’s December quarter results were a strong finish for calendar 2010, which represents 20% revenue growth over 2009.
"Host Server Products sequential revenue growth of 17% was driven by share gains in our core Fibre Channel products and the continuing ramp of our 10GbE UCNAs and ULOMs, which are now over 10% of our revenues," McCluney said.
For the third quarter of fiscal 2011, Emulex has forecasted total net revenues in the range of $108-$112m and expects a loss per diluted share of $0.03 to $0.06.