Key Developments: Xyratex Ltd (XRTX.O)
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Latest Key Developments
Xyratex Group Limited Issues Q1 2010 Guidance Above Analysts' Estimates
Xyratex Group Limited announced that for first quarter of 2010, it expects revenue to be in the range $245-$285 million, fully diluted earnings per share (EPS) to be between $0.24-$0.52 on a GAAP basis in the first quarter. On a non-GAAP basis fully diluted earnings per share is anticipated to be between $0.32 and $0.60. Non-GAAP earnings per share excludes amortization of intangible assets, equity compensation expense, specified non-recurring items and related taxation expense. According to Reuters Estimates, analysts were expecting the Company to report revenue of $231 million and EPS $0.10 for the same period.
Xyratex Group Limited Expands Storage Solution Partnership With Omneon
Xyratex Group Limited announced the expansion of its partnership with Omneon, Inc., a provider of scalable media server and active storage systems for the production, distribution, and management of digital media. The new agreement will add the Xyratex storage server platform to the existing storage enclosure family for the Omneon MediaGrid solution.
Xyratex Group Limited Issues Q3 2009 Revenue Guidance Above Analysts' Estimates-Reuters
Reuters reported that Xyratex Group Limited said it expects revenue of about $247 million for the third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $214.36 million for the same period.
Xyratex Group Limited Comments On H1 2010 Revenue Outlook-Conference Call
Xyratex Group Limited announced that for first half of 2010, it expects better revenues. According to Reuters Estimates, analysts were expecting the Company to report revenues of $212 million for first quarter of 2010 and revenues of $226 million for second quarter of 2010.
Xyratex Group Limited Lowers Q4 2008 Guidance
Xyratex Group Limited updated its fourth quarter 2008 guidance and expects revenue to be in the range of $280-$285 million. This compares to the Company's previously announced targets of $287-$307 million, with the reduction related to its Networked Storage Solutions business. The Company also expects that its GAAP and non-GAAP earnings per share (EPS) will be significantly below the previously announced target as a result of the lower revenue and a reduction in gross margin for the Networked Storage Solutions business to a range of between 8% and 10%. According to Reuters Estimates, analysts are expecting the Company to report revenue of $297 million and non-GAAP EPS of $0.36 for the same period.
Xyratex Group Limited Issues Q4 2008 Guidance Below Analysts' Estimates
Xyratex Group Limited announced that for fourth quarter of 2008, it expects revenue to be in the range of $287-$307 million. Fully diluted earnings per share (EPS) are expected to be between $0.24 and $0.36 on a GAAP basis. On a non-GAAP basis, fully diluted EPS is to be between $0.32 and $0.44. Non- GAAP earnings per share excludes non-cash equity compensation, amortization of intangible assets, certain non-recurring items and related taxation expense. According to Reuters Estimates, analysts on average are expecting the Company to report revenue of $309 million and non-GAAP EPS of $0.46 for the same period.
Xyratex Group Limited Issues Q3 2008 Guidance Below Analysts' Estimates
Xyratex Group Limited announced that it expects the third qiuarter 2008 revenue to be in the range $276 to $296 million, fully diluted earnings per share are anticipated to be between $0.27 and $0.39 on a GAAP basis in the third quarter. On a non-GAAP basis, fully diluted earnings per share is anticipated to be between $0.35 and $0.47. Non-GAAP earnings per share excludes non-cash equity compensation, amortization of intangible assets, certain non-recurring items and related taxation expense. According to Reuters Estimates, analysts on average are expecting the Company to report revenue of $303 million and EPS of $0.63 for the same period.
Xyratex Group Limited Issues Q2 2008 Guidance With Revenues Above Analysts' Estimates
Xyratex Group Limited announced that revenue in the second quarter of 2008 is projected to be in the range $232 to $252 million. Fully diluted earnings are anticipated to be between $(0.06) loss per share and $0.06 earnings per share on a GAAP basis in the second quarter. On a non-GAAP basis, fully diluted earnings per share are anticipated to be between $0.03 and $0.15. According to Reuters Estimates, analysts on average are expecting the Company to report EPS of $0.07 on revenues of $230 million for second quarter 2008
Xyratex Group Limited Issues Q1 2008 EPS Guidance; Revenue Guidance In Line With Analysts' Estimates
Xyratex Group Limited announced that for the first quarter of 2008, it expects revenues to be in the range of $205-$225 million and fully diluted loss per share (EPS) to be between $(0.17) and $(0.05) on a GAAP basis. On a non-GAAP basis fully diluted loss per share is anticipated to be between $(0.09) and earnings of $0.03. Non-GAAP earnings per share excludes non-cash equity compensation, amortization of intangible assets, certain other acquisition related charges and related taxation expense. According to Reuters Estimates, analysts on average are expecting the Company to report revenues of $225 million for the same period.
Xyratex Group Limited Announces Program Win With NetApp
Xyratex Group Limited announced that an OEM agreement with NetApp to develop and supply general disk arrays for a variety of NetApp products. This agreement builds on an implementation of disk arrays provided by Xyratex to NetApp and incorporated within NetApp's storage hardware platforms.
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