Key Developments For Xyratex Ltd
Xyratex Ltd (XRTX.O) (Nasdaq)
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.
